CLARIVATE PLC Reports Earnings Results for Second Quarter of FY2023

🌥️Earnings Overview

Clarivate ($NYSE:CLVT) PLC reported its financial results for the second quarter of FY2023, which ended on June 30, 2023. USD 668.8 million in total revenue was reported, representing a 2.6% drop from the same period in FY2022. Net income for the quarter was reported as USD -123.1 million, a decrease of USD 62.4 million from the prior year.

Share Price

The stock opened at $8.2 and closed at $7.0, representing a plunge of 22.3% from the previous closing price of $9.0. Operating expenses also increased significantly from the previous quarter, likely due to the costs associated with restructuring. While the results were below expectations, the stock still managed to remain in positive territory.

In order to remain competitive, the company will have to focus on reducing costs, increasing efficiency, and driving innovation in order to increase its bottom line. As such, investors should watch closely in the coming quarters as CLARIVATE PLC strives to stay afloat despite current market conditions. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Clarivate Plc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Clarivate Plc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Clarivate Plc. More…

Key Ratios Snapshot

Some of the financial key ratios for Clarivate Plc are shown below. More…

Analysis

Analyzing GoodWhale’s financials for CLARIVATE PLC, it is evident that they are strong in growth, medium in profitability, and weak in asset and dividend. After assessing these financials, we classify CLARIVATE PLC as a ‘cheetah’ – a company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given this financial analysis, investors who are looking for a high-growth company with potential but are comfortable with taking on a higher risk may be interested in CLARIVATE PLC. However, it is important to note that CLARIVATE PLC has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it is likely to pay off debt and fund future operations. More…

Peers

The competitive landscape in the global market for research and development (R&D) analytics is expected to heat up in the coming years. This is due to the recent acquisition of Thomson Reuters Corporation’s IP & Science business by Clarivate PLC. The move is expected to give Clarivate a significant edge over its competitors, Atos SE, Coforge Ltd, Also Holding AG, in the global market for research and development (R&D) analytics.

– Atos SE ($OTCPK:AEXAY)

Atos SE is a French multinational information technology services company with headquarters in Bezons and offices in France, Spain, and India. It is one of the largest IT services companies in the world with a market cap of 972.75M as of 2022. The company has a Return on Equity of -44.22%.

Atos provides a full range of services including consulting, systems integration, managed services, and cloud operations. The company works with clients in a variety of industries including healthcare, government, financial services, and manufacturing.

– Coforge Ltd ($BSE:532541)

Coforge Ltd is an Indian multinational corporation that provides Information Technology services, including digital, technology, consulting, and operations services. It is headquartered in Pune, India. As of March 2021, the company had a market capitalization of ₹17.29 trillion (US$233.97 billion) and an annual revenue of ₹1.39 trillion (US$19.1 billion). It is one of the Big Four tech companies in India along with Tata Consultancy Services (TCS), Infosys, and Wipro. As of 2020, Coforge is the sixth-largest IT services company in the world by revenue. The company has over 190,000 employees across 42 countries.

Coforge’s market cap and ROE are both very impressive, especially considering the company’s size. The company has a long history and a large customer base, which gives it a competitive advantage in the market. Coforge is a well-diversified company, with a strong presence in both developed and emerging markets. The company has a strong focus on innovation and has been investing heavily in research and development. This has helped Coforge to maintain its leading position in the IT services industry.

– Also Holding AG ($LTS:0QLW)

Given that the company has a market cap of 1.93B as of 2022, a return on equity of 14.87%, and is involved in the production of packaging materials and containers, it would appear that it is a well-established and successful company. The company’s market cap and ROE are both impressive, and its involvement in the production of packaging materials and containers suggests that it has a strong and diversified product offering. The company appears to be well-positioned for continued success in the future.

Summary

Investors should take note of Clarivate PLC‘s second quarter FY2023 results, as the company’s total revenue decreased by 2.6% compared to the same quarter in the previous year, with a net income of -123.1 million dollars. This news caused a decrease in the company’s stock price. Investors should consider the financial performance of the company before making an investment decision in Clarivate PLC. Additionally, they should also pay attention to the company’s future outlook and industry trends to assess the potential risks and rewards of investing in the stock.