2023-05-09 06:04:08 ET
- Clarivate Analytics press release ( NYSE: CLVT ): Q1 Non-GAAP EPS of $0.18 beats by $0.03 .
- Revenue of $629.1M (-5.0% Y/Y) beats by $5.14M .
- Revenues of $629.1 million decreased 5.0%, and 3.1% at constant currency, driven primarily by the divestiture of MarkMonitor in October 2022, for which there were no comparable amounts in the current year period and year-over-year strengthening of the US dollar.
- Organic revenues decreased 0.2% as an increase in subscription revenues of 3.1% was partially offset by a decline in re-occurring revenues of 1.7% and transactional and other revenues of 8.3%
- FY23 Outlook: Revenue of $2.63B-$2.73B
- Adj EPS of $0.75-$0.85.
For further details see:
Clarivate Analytics Non-GAAP EPS of $0.18 beats by $0.03, revenue of $629.1M beats by $5.14M