Key Highlights From Duck Creek Technologies’ Q1 Results
<p><a href='https://financialmodelingprep.com/financial-summary/DCT'>Duck Creek Technologies, Inc. (NASDAQ:DCT) </a>reported solid Q1 results, with the total revenue coming in at $73.4 million, representing a 25% increase compared to the same period the previous year, and beating the consensus estimate of $68.9 million. </p>
<p>Analysts at RBC Capital provided the following key highlights from Q1:</p>
<p>(1)	strong services revenue helped to drive outperformance while subscription revenue decelerated 7 points,</p>
<p>(2)	New deal commentary was positive, with multiple T1 deals expected in the second half of the year,</p>
<p>(3)	SaaS ARR growth decelerated 2 points but was strong on a dollar basis.</p>
<p>The analysts decreased their price target on the company’s shares to $38 from $47, while maintaining their outperform rating.</p>

NASDAQ:DCT