Clarivate Plc reports developments in data, analytics and workflow software for academia and government, intellectual property, and life sciences and healthcare. Its news commonly covers earnings, subscription and recurring revenue trends, cash flow and leverage actions, and progress under its operating improvement initiatives.
Company updates also focus on AI-enabled research and decision-support products, including Web of Science Research Intelligence, Nexus Connect, Cortellis Regulatory Intelligence, Derwent-based patent analytics and other Clarivate data assets. Recurring announcements address institutional research intelligence, academic library workflows, regulatory intelligence for life sciences teams, intellectual property benchmarks and investor conference appearances.
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On November 2, 2021, Clarivate Plc (NYSE: CLVT) announced a Virtual Investor Day scheduled for November 9, 2021. The event will provide updates on the company's business, with presentations from 10:00 AM to 1:00 PM Eastern Time. Participants can join via webcast through the Clarivate Investor Relations website. A replay will also be available afterwards. Clarivate aims to accelerate innovation through trusted information and insights, helping clients navigate complex challenges in science and intellectual property.
Clarivate Plc (NYSE:CLVT) has been selected by Hewlett Packard Enterprise (HPE) as its IP lifecycle management partner. This collaboration enables HPE to utilize Clarivate's IPfolio and Innography to streamline administrative processes and enhance innovation strategies. HPE will benefit from improved management of its extensive patent and trademark portfolio, enabling faster decision-making and better resource allocation. The integration of CompuMark’s trademark research into IPfolio allows for comprehensive trademark management, reinforcing HPE's objectives in innovation and business transformation.
Clarivate Plc (NYSE:CLVT) announced a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares. The dividend will be paid in cash on December 1, 2021 to shareholders of record by the close of business on November 15, 2021. This declaration reflects the company's commitment to returning value to its shareholders.
Clarivate Plc (NYSE: CLVT) announced an extension of its share repurchase program through January 31, 2022, allowing for up to $250 million in buybacks. As of the announcement, $185 million remains available from the initial authorization, which was set to expire on October 31, 2021. This move aims to enhance shareholder value and demonstrates the company’s commitment to returning capital to investors. The decision reflects positive management confidence in the company's financial position and future growth prospects.
Clarivate reported Q3 2021 results with revenues of $442.1 million, a 55% increase year-over-year. Adjusted revenues reached $442.2 million, up 54%. Net income improved to $0.9 million from a loss of $182 million in Q3 2020. Adjusted EBITDA rose 76% to $190 million. Notably, organic revenues increased 3%. The company maintains a strong outlook for Q4, projecting organic growth of 6%-8%. Additionally, a $250 million share repurchase program extension was approved, enhancing shareholder value.
Clarivate Plc (NYSE:CLVT) launched its Annual G20 Scorecard – Research Performance 2021 report, analyzing the research responses of G20 nations to COVID-19. The report reveals that nations with diverse research portfolios, like the US and Germany, are better equipped to address a wide array of COVID-19 challenges. Although Brazil shows strength in biosciences, others, like Mexico, experience declining research investment. The report highlights changes in research output and collaboration across nations, providing insights essential for policymakers and analysts ahead of the G20 Summit.
On October 18, 2021, Clarivate Plc (NYSE: CLVT) appointed Tiffani Shaw as Chief of Staff, effective November 1. In this new role, Shaw will manage administrative activities in the CEO's office and be part of the Executive Leadership Team. Previously, she was Executive VP and COO at the University of Iowa Center for Advancement, managing over $2 billion in assets. Shaw's experience includes roles as CFO and Controller, alongside a strong background in governance and strategic planning.
Clarivate Plc (NYSE: CLVT) celebrates the recognition of five new Nobel Laureates identified as Citation Laureates. This includes awards in Physiology or Medicine, Physics, Chemistry, and Economics, highlighting Clarivate's predictive accuracy since 2002. Notably, 64 Citation Laureates have received this honor, emphasizing the company's unique methodology combining quantitative data and expert analysis. The awards reflect significant contributions by researchers such as David Julius and Giorgio Parisi, showcasing Clarivate's role in advancing scientific recognition.
Clarivate Plc (NYSE: CLVT) announced it will release its third-quarter 2021 financial results on October 28, 2021, before the market opens. The press release and earnings information will be available on the company’s investor website. A conference call and webcast will follow at 8:00 AM Eastern Time the same day, providing insights into the financial results. Interested participants can join the call via phone or through the live webcast. An audio replay will be accessible after the call until November 11, 2021.