The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed Jan 9, 2023. Its latest SEC filing is a SC 13G/A from Feb 13, 2024.
10-Q for Q1 FY2023, filed Jan 9, 2023
The sections below describe the company as of the FY2022 annual report.
Sells cloud-based software for policy, billing and claims systems to property, casualty and general insurance carriers.
10-K for FY2022, filed Oct 28, 2022Duck Creek Technologies is the leading cloud-based SaaS provider of core systems for the global property and casualty (P&C) and general…View ↗
Our expertise in and deep understanding of the P&C and general insurance industry has enabled us to develop a unified suite of insurance…View ↗
Duck Creek Policy: a solution that enables insurers to develop and launch new insurance products and manage all aspects of policy…View ↗
Duck Creek Billing: a solution that supports fundamental payment and invoicing capabilities (such as billing and collections, commission…View ↗
Duck Creek Claims: a solution that supports the entire claims lifecycle from first notice of loss through investigation, payments…View ↗
Insurers are billed monthly in advance for SaaS subscriptions; perpetual-license fees are due when the contract is signed and term-license fees annually in advance. Maintenance is billed in advance over its service term, while implementation work is billed monthly as performed; invoices are typically due within 30 days.
10-K for FY2022, filed Oct 28, 2022We sell our SaaS solutions through recurring fee arrangements where revenue is recognized on a monthly basis following deployment to the…View ↗
The Company has concluded that its software licenses provide the customer with the right to functional intellectual property (IP), and are…View ↗
Maintenance and Support ServicesView ↗
The Company’s professional services revenue is primarily comprised of implementation services provided to customers. The majority of…View ↗
Accounts receivable are stated at the amount management expects to collect from outstanding balances and are recorded when the right to…View ↗
$302.9M
10-K for FY2022, filed Oct 28, 2022
$302.9M ↗
Insurance carriers ranging from large multinational to regional buy through Duck Creek’s direct sales team; system integrator partners also provide implementation and related services.
10-K for FY2022, filed Oct 28, 2022We have over 150 insurance customers, including four of the top five North American insurance carriers. Many of our customers serve…View ↗
We sell our solutions and services through a direct sales team, comprised of our inside sales team, territory-based sales directors, and…View ↗
Our partnerships are also an important aspect of our sales and marketing strategy. We have a broad partner ecosystem that includes…View ↗
Not on paper. It lost $8.3M in FY2022, but brought in more cash than it spent: $9.4M of free cash flow.
10-K for FY2022, filed Oct 28, 2022
−$5.4MView ↗
10-K for FY2022, filed Oct 28, 2022
−$8.3MView ↗
10-K for FY2022, filed Oct 28, 2022
$9.4MView ↗
10-Q for Q1 FY2023, filed Jan 9, 2023
−$5.2MView ↗
8-K, filed Mar 30, 2023
BOSTON, March 30, 2023 — Duck Creek Technologies (“Duck Creek”), the intelligent solutions provider defining the future of property and…View ↗
8-K, filed Jan 5, 2023
On January 5, 2023, Duck Creek Technologies, Inc. (the “Company”) issued a press release announcing that it had entered into a definitive…View ↗
Competes with IBM, Wipro, Cognizant, Guidewire, Insurity, Majesco, Sapiens, Oracle, SAP, Pegasystems, DXC Technology, NTT Data, and Tata Consultancy Services
10-K for FY2022, filed Oct 28, 2022Internally Developed Technology and Software: Many large insurance companies have sufficient IT resources to develop and maintain…View ↗
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