earnings
confidence high
sentiment neutral
materiality 0.70
Guidewire Q1 FY2022 revenue $165.9M (-2% YoY); GAAP EPS -$0.62; ARR $594M; guides Q2 ARR $613-616M
Guidewire Software, Inc.
2022-Q1 EPS reported
-$0.62
revenue$165,934,000
- Total revenue $165.9M, down 2% YoY; subscription & support $79.0M, up 36%; license $40.2M, down 38%.
- GAAP net loss $51.3M ($0.62/share) vs $20.2M ($0.24) YoY; Non-GAAP net loss $18.1M ($0.21) vs $14.4M income ($0.17).
- ARR $594M at Oct 31, 2021, exceeding guidance; FY2022 ARR guided $659-669M; Q2 $613-616M.
- Cash $1.1B; used $107M ops and $43.8M for Hazard Hub acquisition in Q1.
- FY2022 guidance: rev $780-790M, non-GAAP op loss ($58)-($48)M, operating cash flow $10-20M.