earnings
confidence high
sentiment positive
materiality 0.80
Guidewire Q2 revenue $240.9M; ARR $800M; raises FY2024 ARR outlook to $852-862M
Guidewire Software, Inc.
2024-Q2 EPS reported
-$0.21
revenue$448,304,000
- Total revenue $240.9M (+4% YoY); subscription & support revenue $131.6M (+24% YoY).
- ARR $800M (up from $763M Jul 2023); FY2024 ARR outlook raised to $852-862M.
- GAAP net income $9.7M ($0.12 EPS) vs net loss $9.2M; non-GAAP EPS $0.46.
- Non-GAAP operating income $25.7M vs $15.1M; operating cash flow outlook $120-140M.
- Completed 11 cloud deals in Q2; services revenue down 29% as SI partners lead more engagements.