secwatch / observer

8-K filed September 7, 2023, 7:59 PM ET ticker GWRE CIK 0001528396

earnings confidence high sentiment positive materiality 0.75

Guidewire reports record cloud demand in Q4; FY2023 revenue $905M (+11%), GAAP net loss narrows

Guidewire Software, Inc.

2023-FY EPS reported -$1.36 revenue$905,341,000

FY2023 total revenue $905.3M, up 11% YoY; subscription & support revenue $429.7M, up 25%.
GAAP net loss $111.9M ($1.36/share) vs loss $180.4M ($2.16) prior year; non-GAAP net income $29.2M ($0.35).
Q4 cloud deals closed: 17 (11 Tier-1); ARR $763M, up 15% YoY constant currency.
FY2024 guidance: ARR $846M–$858M, revenue $976M–$986M, non-GAAP op income $62M–$72M, op cash flow $95M–$125M.
Repurchased 4.04M shares for $261.8M in FY2023; $138.2M remains under $400M buyback program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Guidewire Software, Inc. reported fiscal year 2024 results: revenue Total revenue between $976 million and $986 million.

Period: fiscal year 2024
Revenue: Total revenue between $976 million and $986 million
Result: guidance update

Exact text from the filing

Guidewire is issuing the following outlook for fiscal year 2024 based on current expectations: • ARR between $846 million and $858 million • Total revenue between $976 million and $986 million • Operating income (loss) between $(100) million and $(90) million • Non-GAAP operating income (loss) between $62 million and $72 million • Operating cash flow between $95 million and $125 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Guidewire Software, Inc. reported fiscal year ended July 31, 2023 results: net income GAAP net loss was $111.9 million, EPS GAAP net loss per share was $1.36.

Period: fiscal year ended July 31, 2023
Net income: GAAP net loss was $111.9 million
EPS: GAAP net loss per share was $1.36
Result: reported results

Exact text from the filing

Total revenue for fiscal year 2023 was $905.3 million, an increase of 11% from fiscal year 2022. Subscription and support revenue was $429.7 million, an increase of 25%; services revenue was $210.1 million, a decrease of less than 1%; and license revenue was $265.6 million, an increase of 3%.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Guidewire Software, Inc. reported fiscal year ended July 31, 2023 results: net income GAAP net loss was $111.9 million, EPS GAAP net loss per share was $1.36.

Period: fiscal year ended July 31, 2023
Net income: GAAP net loss was $111.9 million
EPS: GAAP net loss per share was $1.36
Result: reported results

Exact text from the filing

GAAP net loss was $111.9 million for fiscal year 2023, compared with $180.4 million for fiscal year 2022. GAAP net loss per share was $1.36, based on diluted weighted average shares outstanding of 82.2 million, compared with $2.16 for fiscal year 2022, based on diluted weighted average shares outstanding of 83.6 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Guidewire Software, Inc. reported fourth quarter fiscal year 2023 ended July 31, 2023 results: net income GAAP net income was $12.2 million, EPS GAAP net income per share was $0.15.

Period: fourth quarter fiscal year 2023 ended July 31, 2023
Net income: GAAP net income was $12.2 million
EPS: GAAP net income per share was $0.15
Result: reported results

Exact text from the filing

Total revenue for the fourth quarter of fiscal year 2023 was $270.0 million, an increase of 10% from the same quarter in fiscal year 2022. Subscription and support revenue was $117.3 million, an increase of 25%; services revenue was $51.7 million, a decrease of 8%; and license revenue was $100.9 million, a decrease of 6%.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Guidewire Software, Inc. reported fourth quarter fiscal year 2023 ended July 31, 2023 results: net income GAAP net income was $12.2 million, EPS GAAP net income per share was $0.15.

Period: fourth quarter fiscal year 2023 ended July 31, 2023
Net income: GAAP net income was $12.2 million
EPS: GAAP net income per share was $0.15
Result: reported results

Exact text from the filing

GAAP income from operations was $6.1 million for the fourth quarter of fiscal year 2023, compared with GAAP loss from operations of $32.2 million for the same quarter in fiscal year 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Guidewire Software, Inc. reported fourth quarter fiscal year 2023 ended July 31, 2023 results: net income GAAP net income was $12.2 million, EPS GAAP net income per share was $0.15.

Period: fourth quarter fiscal year 2023 ended July 31, 2023
Net income: GAAP net income was $12.2 million
EPS: GAAP net income per share was $0.15
Result: reported results

Exact text from the filing

GAAP net income was $12.2 million for the fourth quarter of fiscal year 2023, compared with GAAP net loss of $31.0 million for the same quarter in fiscal year 2022. GAAP net income per share was $0.15, based on diluted weighted average shares outstanding of 82.1 million, compared to a GAAP net loss per share of $0.37 for the same quarter in fiscal year 2022, based on diluted weighted average shares outstanding of 84.0 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Guidewire Software, Inc. reported first quarter of fiscal year 2024 results: revenue Total revenue between $197 million and $202 million.

Period: first quarter of fiscal year 2024
Revenue: Total revenue between $197 million and $202 million
Result: guidance update

Exact text from the filing

Guidewire is issuing the following outlook for the first quarter of fiscal year 2024 based on current expectations: • ARR between $766 million and $769 million • Total revenue between $197 million and $202 million • Operating income (loss) between $(63) million and $(58) million • Non-GAAP operating income (loss) between $(25) million and $(20) million

View on SEC.gov

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Source: SEC EDGAR

accession 0001528396-23-000075

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