secwatch.observer — SEC 8-K summary
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Issuer:     Guidewire Software, Inc. (GWRE)
CIK:        0001528396
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001528396-23-000136
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528396/000152839623000136/0001528396-23-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528396/000152839623000136/gwre-20231207.htm
  HTML page:      https://secwatch.observer/filing/0001528396-23-000136

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