Duck Creek: Fiscal Q1 Earnings Snapshot

January 5, 2023 GMT

BOSTON (AP) _ Duck Creek Technologies, Inc. (DCT) on Thursday reported a fiscal first-quarter loss of $5.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Boston-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 2 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The company posted revenue of $80.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $76.9 million.

For the current quarter ending in February, Duck Creek expects its per-share earnings to range from 2 cents to 3 cents.

The company said it expects revenue in the range of $79.5 million to $81.5 million for the fiscal second quarter.

Duck Creek expects full-year earnings in the range of 13 cents to 14 cents per share, with revenue ranging from $331 million to $338 million.


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