other material
confidence high
sentiment negative
materiality 0.40
Guidewire discloses ~4% of cash held at failed Silicon Valley Bank; expects no material impact
Guidewire Software, Inc.
- As of March 9, 2023, ~4% of $870M cash (approx $34.8M) held at SVB, now in receivership.
- Company states no material impact on day-to-day operations regardless of SVB outcome.
- Prior cash balance of $870M reported as of January 31, 2023.