earnings
confidence high
sentiment positive
materiality 0.75
Guidewire Q1 FY2023 revenue $195.3M (+18% YoY); ARR $673M, guides FY2023 ARR $745-760M
Guidewire Software, Inc.
2023-Q1 EPS reported
-$0.83
revenue$195,282,000
- Total revenue $195.3M (+18% YoY); subscription & support revenue $99.1M (+25%).
- GAAP net loss $69.3M ($0.83/sh) vs $51.3M ($0.62/sh) a year ago; Non-GAAP net loss $9.9M ($0.12/sh) vs $18.1M ($0.21/sh).
- ARR $673M at Oct 31, up from $664M at Jul 31; Q2 FY2023 ARR outlook $695-700M, FY2023 ARR $745-760M.
- Board authorized $400M share repurchase; entered $200M ASR, received initial 2.58M shares.
- Cash and investments $0.9B, used $87.4M in operations in the quarter.