earnings
confidence high
sentiment positive
materiality 0.75
Guidewire Q2 revenue up 14% to $232.6M, GAAP loss narrows, ARR reaches $707M
Guidewire Software, Inc.
2023-Q2 EPS reported
-$0.95
revenue$427,893,000
- Total revenue $232.6M (+14% YoY); subscription & support revenue $105.8M (+25%).
- GAAP loss from operations narrowed to $23.2M from $39.5M; non-GAAP op income $15.1M vs $3.0M.
- ARR $707M as of Jan 31, 2023, up from $664M at July 31, 2022.
- Q3 FY2023 guidance: ARR $715-720M, total revenue $211-216M; FY2023 ARR $745-760M.
- Board authorized $400M share repurchase; $200M ASR completed at avg $61.93/share; $200M remains.