secwatch.observer — SEC 8-K summary
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Issuer:     Guidewire Software, Inc. (GWRE)
CIK:        0001528396
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001528396-23-000060
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Guidewire Q3 revenue $207.5M (+5% YoY); raises FY profitability outlook on cloud margin strength
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- GAAP net loss $45.6M ($0.56/sh) vs $57.4M ($0.69) YoY; Non-GAAP net loss $6.4M ($0.08) vs $21.8M ($0.26).
- Subscription & support rev $107.5M (+24% YoY); ARR at $722M (up from $664M). Eight cloud deals closed.
- Raises FY2023 non-GAAP op income guidance to $(4)-$6M (from prior loss) & operating cash flow $10-40M.
- Q4 FY2023 guidance: ARR $745-755M, total rev $255-265M, non-GAAP op income $29-39M.
- Cash & investments $806.9M; $184M remaining under $400M share repurchase program; repurchased ~3.4M shares YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528396/000152839623000060/0001528396-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528396/000152839623000060/gwre-20230601.htm
  HTML page:      https://secwatch.observer/filing/0001528396-23-000060

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