---
schema_version: "secwatch.filing_event.v1"
accession: "0001528396-23-000136"
form_type: "8-K"
ticker: "GWRE"
cik: "0001528396"
company_name: "Guidewire Software, Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:14:30.353613+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001528396-23-000136
- form_type: 8-K
- ticker: GWRE
- cik: 0001528396
- company_name: Guidewire Software, Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000136/0001528396-23-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000136/gwre-20231207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001528396-23-000136
- JSON: https://secwatch.observer/filing/0001528396-23-000136.json
- Plain text: https://secwatch.observer/filing/0001528396-23-000136.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000136/0001528396-23-000136-index.htm
- Executive change
  Priscilla Hung changed role as President and Chief Operating Officer at Guidewire Software, Inc..
  - Action: stepped down
  - Role: President and Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528396/000152839623000136/0001528396-23-000136-index.htm

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