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Benzinga
Benzinga
Business
Akanksha Bakshi

Duck Creek Technologies Shares Crack After Q3 Results, Lowers FY22 Revenue Guidance

Duck Creek Technologies Inc (NASDAQ:DCT) reported third-quarter revenue growth of 7% year-over-year to $72.4 million, beating the estimate of $72.15 million. Subscription revenue was $38 million (+13% Y/Y), and SaaS Annual Recurring Revenue grew 25% Y/Y.

Adjusted income from operations was $1.8 million, down from $4.8 million a year ago. Adjusted EPS $0.01, down from $0.03 in 3Q21.

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