Guidewire Q1 FY2024 revenue $207.4M (+6%), ARR $770M; raises profitability outlook; COO steps down

Guidewire Software, Inc.

2024-Q1 EPS reported -$0.33 revenue$207,407,000

Total revenue $207.4M, up 6% YoY; subscription & support revenue $127.6M, up 29%.
GAAP net loss $27.1M ($0.33 per share) narrowed from $69.3M ($0.83) YoY; non-GAAP net loss $0.3M.
ARR $770M as of Oct 31, 2023; Q2 FY2024 ARR guidance $793M-$798M.
Priscilla Hung steps down as President & COO effective Dec 31, 2023, remains as Senior Advisor.
Raised FY2024 operating income and non-GAAP operating income guidance; operating cash flow guidance $115M-$135M.

item 2.02 item 5.02 item 9.01

Executive movements

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Role change

Priscilla Hung

President and Chief Operating Officer

GWRE · Guidewire Software, Inc.

Effective: 2023-12-31
Filed: December 7, 2023, 6:59 PM ET

On December 7, 2023, the Company and Priscilla Hung announced her intent to remain an employee with the Company, but step down from the position of President and Chief Operating Officer of the Company at the conclusion of her sabbatical on December 31, 2023.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Guidewire Software, Inc. reported the fiscal quarter ended October 31, 2023 results: revenue $207.4 million, net income GAAP net loss was $27.1 million, EPS GAAP net loss per share was $0.33. Guidance raised.

Period: the fiscal quarter ended October 31, 2023
Revenue: $207.4 million
Net income: GAAP net loss was $27.1 million
EPS: GAAP net loss per share was $0.33
Guidance: raised
Result: reported results

Exact text from the filing

Total revenue for the first quarter of fiscal year 2024 was $207.4 million, an increase of 6% from the same quarter in fiscal year 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Priscilla Hung changed role as President and Chief Operating Officer at Guidewire Software, Inc..

Action: stepped down
Role: President and Chief Operating Officer

Exact text from the filing

On December 7, 2023, the Company and Priscilla Hung announced her intent to remain an employee with the Company, but step down from the position of President and Chief Operating Officer of the Company at the conclusion of her sabbatical on December 31, 2023.

View on SEC.gov

309 earnings releases filed in the last 30 days. Browse all earnings releases →

Guidewire Software, Inc. filing history →

Source: SEC EDGAR

accession 0001528396-23-000136

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