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DCT - Duck Creek Technologies Focuses On Profitable Growth
Duck Creek Technologies Inc.
Duck Creek Technologies went public in August 2020, raising $405 million in an IPO.
The firm provides primarily a SaaS-based platform for P&C and general insurance companies.
Management seeks to focus on the 'expand' part of its land and expand go-to-market strategy, hoping to more profitably grow some existing Tier 1 accounts.
My short-term outlook is Neutral until we see evidence of growth or earnings as a result of this focus.