Clearwater Analytics reports Q2 non-GAAP EPS 8c, consensus 7c

Reports Q2 revenue $89.9M, consensus $87.52M. “I’m very pleased with our re-acceleration of growth while simultaneously improving the bottom line. As we expected, we continue to have success onboarding our large insurance clients and asset managers, enabling them to go live while supporting their growth initiatives. Our strong execution delivered outstanding growth across our key markets,” said Sandeep Sahai, CEO. “Last year we started a journey towards an enhanced commercial model and movement to a multi-product platform. These actions are starting to bear fruit and contributed to a strong net revenue retention rate for the quarter.”