---
schema_version: "secwatch.filing_event.v1"
accession: "0001528396-23-000075"
form_type: "8-K"
ticker: "GWRE"
cik: "0001528396"
company_name: "Guidewire Software, Inc."
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:46:19.827464+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001528396-23-000075
- form_type: 8-K
- ticker: GWRE
- cik: 0001528396
- company_name: Guidewire Software, Inc.
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/0001528396-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/gwre-20230907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001528396-23-000075
- JSON: https://secwatch.observer/filing/0001528396-23-000075.json
- Plain text: https://secwatch.observer/filing/0001528396-23-000075.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/0001528396-23-000075-index.htm
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/0001528396-23-000075-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/0001528396-23-000075-index.htm
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/0001528396-23-000075-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/0001528396-23-000075-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/0001528396-23-000075-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000075/0001528396-23-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.