Basic and diluted weighted average shares outstanding were approximately 132.0 million shares and 134.2 million shares, respectively, for the quarter ended November 30, 2021. We divide the result by annualized subscription revenue from the date that is immediately prior to the beginning of the measurement period, for all customers in place at the beginning of the measurement period. We are excited to work with the Duck Creek team as we look to build on their best-in-class platform and solutions, which serve many of the worlds leading P&C insurance carriers.. Vista's investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Adjustments to reconcile net income (loss) to cash used in operating activities: Change in fair value of contingent earnout liability, Payment of contingent earnout liability in excess of acquisition date fair value, Changes in operating assets and liabilities, Net cash provided by investing activities, Net increase in cash and cash equivalents, Cash and cash equivalents beginning of period, Cash and cash equivalents end of period, Duck Creek Technologies, Inc. and Subsidiaries Reconciliation of GAAP to Non-GAAP Financial Measures (unaudited), Amortization of capitalized internal-use software, Adjusted EBITDA as a percent of total revenue, Non-GAAP tax provision applied at a 24% tax rate(1). | Source: You can identify forward-looking statements because they contain words such as expect, believe, target, project, goals, estimate, potential, predict, may, will, might, could, forecast, outlook and variations of these terms or the negative of these terms and similar expressions. GAAP net loss was $29.9 million for the full year fiscal 2020, compared with a GAAP net loss of $16.9 million in fiscal year 2019. Duck Creek is providing certain guidance on a non-GAAP basis, but is not providing reconciliations of such forward-looking non-GAAP measures to GAAP due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including adjustments that could be made for the charges reflected in Duck Creeks reconciliation of historic numbers, the amount of which, based on historical experience, could be significant. DUCK CREEK TECHNOLOGIES, INC. : Stock Chart Comparison | DCT | US2641201064 | MarketScreener DUCK CREEK TECHNOLOGIES, INC. Equities DCT US2641201064 Add to a list PDF Report Summary Charts News Calendar Company Funds and ETFs Technical Analysis Static Chart News Chart Sector Chart Comparison Chart Duck Creek Technologies Stock Performance. 1000+ Duck Creek practitioners, 800+ are Duck Creek University certified. 857 201 5784 We believe Duck Creek is well positioned to partner with the worlds leading carriers on this digital transformation, delivering significant value for our customers and shareholders., FourthQuarter Fiscal Year 2020 Financial Highlights, Full YearFiscal 2020 Financial Highlights. The definitive proxy statement (if and when available) will be mailed to stockholders of the Company. The information presented above includes non-GAAP financial measures such as non-GAAP income from operations, adjusted EBITDA, non-GAAP net income, non-GAAP net income per share, and free cash flow. Refer to Non-GAAP Financial Measures and Other Metrics for a discussion of these measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure. Duck Creek Technologies has a 1-year low of $10.04 and a 1-year high of $22.99. Great places to go near Ruddy Duck II in July (updated in 2023) Things to do near Ruddy Duck II. Under the terms of the agreement, Duck Creek shareholders will receive $19.00 per share in cash, which represents a 46% premium to Duck Creek's closing stock price on January 6, 2023, the last full trading day prior to the transaction announcement, and a premium of approximately 64% over the volume weighted average price of Duck Creek's . Paul Rechichi Free cash flow consists of net cash provided by operating activities less cash used for purchases of property and equipment and capitalized internal-use software. We work with 8 of the 10 of the top Property & Casualty insurance companies. Duck Creek undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. Duck Creeks fourth quarter was an excellent finish to an incredible year for the company, highlighted by 54% growth in subscription revenue, said Michael Jackowski, Duck Creeks Chief Executive Officer. Additionally, these non-GAAP financial measures are not measurements of financial performance or liquidity under GAAP. Toronto, ON US$40/hr Muaaz N. soapUI Specialist 4.1 (0 jobs) soapUI C++ Postman MySQL SQL Programming RESTful API MongoDB Python Jenkins Docker TestNG Selenium WebDriver See more US$20/hr Meet S. soapUI Specialist 0.0 (0 jobs) soapUI System Testing End-to-End Testing User Acceptance Testing QA Engineering Smoke Testing Regression Testing Jira Finance Markets Managers in Walnut Creek area - Email Finder and Direct Phone Numbers ZoomInfo's database provides access to over 209 million professional profiles and 13 million business profiles, including more direct dials and email addresses of Finance Markets Managers in Walnut Creek area than any other market intelligence provider. Non-GAAP net income was $15.1 million for the fiscal year 2022, compared with non-GAAP net income of $10.7 million in fiscal year 2021. prechichi@racepointglobal.com, Sam A. Shay SaaS Net Dollar Retention is a rate calculated by annualizing recurring revenue recorded in the last month of the measurement period for those customers in place throughout the entire measurement period. A replay of the webcast will also be available for a limited time athttps://ir.duckcreek.com/. Duck Creeks board of directors will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. We believe we have established Duck Creek OnDemand, which is approaching $100 million in SaaS ARR, as the SaaS platform of choice for the global P&C insurance industry., Jackowski added, The success of our recent IPO was the latest important milestone for Duck Creek. These non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or as a substitute for, the analysis of other GAAP financial measures, including net income and cash flows from operating activities. Non-GAAP Financial Measures and Other Metrics. We are at an exciting time in our history with the global P&C insurance industry at what we believe is the early stages of a generational shift to cloud technologies for their core systems. Duck Creek is proud to have pioneered cloud-based mission-critical systems for the P&C insurance industry to deliver a best-in-class customer experience. 646-277-1251 Bago Maze & Vineyards Opening Hours: Open tomorrow at 09:00 Distance: 7.8km Address: Milligan's Road, Wauchope, New South Wales 2444, Australia Bago Maze & Vineyards No comments yet View Under the terms of the agreement, Duck Creek shareholders will receive $19.00 per share in cash, which represents a 46% premium to Duck Creeks closing stock price on January 6, 2023, the last full trading day prior to the transaction announcement, and a premium of approximately 64% over the volume weighted average price of Duck Creeks stock for the 30 days ending January 6, 2023. The information presented above includes non-GAAP financial measures such as non-GAAP income from operations, adjusted EBITDA, non-GAAP net income, non-GAAP net income per share, and free cash flow. Refer to Non-GAAP Financial Measures and Other Metrics for a discussion of these measures and reconcilations of each non-GAAP financial measure to the most directly comparable GAAP financial measure. The delivery of a record-breaking, full end-to-end small and medium-sized enterprises commercial Total revenue for the fourth quarter of fiscal year 2020 was $58.3 million, an increase of 22% from the fourth quarter in fiscal year 2019. BOSTON, Mass., January 26, 2021 (GLOBE NEWSWIRE) Duck Creek Technologies, Inc. (Nasdaq: DCT) ("Duck Creek"), a provider of SaaS-delivered enterprise software to the property & casualty ("P&C") insurance industry, announced today that it and certain of its stockholders have commenced a proposed underwritten public offering of a total of 8,000,0. (1) Our GAAP tax provision is primarily related to state taxes and income taxes in profitable foreign jurisdictions. ET). The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. A replay of the webcast will also be available for a limited time at https://ir.duckcreek.com/. A replay of this conference call will be available for a limited time at 1-855-859-2056 (domestic) or 1-404-537-3406 (international) using conference ID 3139619. First Quarter Fiscal 2023 Subscription revenue increased to $43.8 million, up 23% year-over-year, SaaS Annual Recurring Revenue (SaaS ARR) increased to $180.6 million, up 24% year-over-year. Listed By STRATUM REAL ESTATE GROUP PLLC (SOUTH BRANCH), JENIFER MITCHELL . The transaction is expected to close in the second calendar quarter of 2023, subject to the satisfaction of customary closing conditions, including approval by Duck Creeks stockholders and U.S. antitrust clearance. Investors may trade in the Pre-Market (4:00-9:30 a.m. Non-GAAP net income was $2.6 million for the first quarter of fiscal year 2023, compared with non-GAAP net income of $4.8 million for the comparable period in fiscal year 2022. I am proud of what the Duck Creek team accomplished in a year that saw significant changes in the market and the economy, said Michael Jackowski, Duck Creeks Chief Executive Officer. Shares of Duck Creek Technologies stock opened at $18.99 on Friday. You can identify forward-looking statements because they contain words such as expect, believe, target, project, goals, estimate, potential, predict, may, will, might, could, forecast, outlook and variations of these terms or the negative of these terms and similar expressions. Duck Creeks modern cloud architecture and demonstrated market traction position it to define the next generation of mission-critical technology for P&C insurance., Vista has an established track record of partnering with leading enterprise software businesses within the insurance industry and related verticals, said Jeff Wilson, Managing Director at Vista. The Companys management uses these non-GAAP measures and other metrics to manage our business, make planning decisions, evaluate its performance and allocate resources. Free cash flow consists of net cash provided by operating activities adjusted for purchases of property and equipment, capitalized internal-use software, and acquisition-related payments. Other companies may calculate similarly titled financial measures differently than the Company does or may not calculate them at all. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. See below for a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure. Follow Vista on LinkedIn,@Vista Equity Partners, and on Twitter,@Vista_Equity. Non-GAAP income from operations excludes share-based compensation expense, amortization of intangible assets, change in fair value of contingent earnout liability, acquisition-related expenses, and severance expenses related to a workforce reduction. Read reviews of various attractions from other tourists, and use them to help plan your own itinerary. $65,000 in . | Source: Founded by insurance experts but built for the cloud, Duck Creek Technologies enables P&C businesses to reimagine, innovate and continuously deliver game-changing results. Investor Contact: Duck Creek believes that these non-GAAP financial measures and other metrics provide useful information to management and investors regarding certain financial and business trends relating to Duck Creeks financial condition and results of operations. GAAP net loss per share is not meaningful because it would only represent results for the 17-day period following our IPO. Adjusted EBITDA excludes provision for income taxes, other (income)/expense, interest expense, net, depreciation of property and equipment, amortization of intangible assets, share-based compensation expense, and change in fair value of contingent earnout liability. Project 2: Westfield Insurance, Duck Creek Technologies Conducted comprehensive testing by creating and executing test cases and scenarios, including functional and regression tests, to ensure the quality and reliability of software applications.
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