Revenue Performance - Total revenue for fiscal year 2024 was $980.5 million, an increase of 8% from fiscal year 2023[1] - Subscription and support revenue was $549.1 million, an increase of 28% compared to fiscal year 2023[1] - Total revenue for the fourth quarter of fiscal year 2024 was $291.5 million, an increase of 8% from the same quarter in fiscal year 2023[3] - Subscription and support revenue for the fourth quarter was $151.8 million, an increase of 29% year-over-year[3] - Total revenue for the three months ended July 31, 2024, was $291.5 million, a 7.5% increase from $270.0 million in the same period of 2023[12] - Subscription and support revenue increased to $151.8 million, up 29.2% from $117.3 million year-over-year[12] - Total revenue guidance for fiscal year 2025 is between $1,135 million and $1,149 million[5] - Guidewire expects ARR for fiscal year 2025 to be between $995 million and $1,005 million[5] Profitability Metrics - GAAP net loss was $6.1 million for fiscal year 2024, significantly improved from a loss of $111.9 million in fiscal year 2023[2] - Non-GAAP net income was $114.5 million for fiscal year 2024, compared to $29.2 million for fiscal year 2023[2] - Net income for the three months ended July 31, 2024, was $16.8 million, compared to $12.2 million in the same period of 2023, representing a 37.7% increase[12] - Basic net income per share for the three months ended July 31, 2024, was $0.20, compared to $0.15 in the same period of 2023, reflecting a 33.3% increase[12] - Non-GAAP net income for the three months ended July 31, 2024, was $54,014 thousand, down from $62,794 thousand in the same period of 2023, indicating a decrease of 14.1%[15] - GAAP diluted net income per share for the three months ended July 31, 2024, was $0.20, compared to $0.15 for the same period in 2023[16] - Non-GAAP diluted net income per share for the three months ended July 31, 2024, was $0.62, down from $0.74 in the prior year[16] Cash Flow and Assets - Operating cash flow is projected to be between $220 million and $250 million for fiscal year 2025[5] - Cash and cash equivalents increased to $548.0 million, up from $401.8 million year-over-year, representing a 36.4% increase[11] - Total current assets rose to $1.3 billion, a 17.8% increase from $1.1 billion as of July 31, 2023[11] - Net cash provided by operating activities for the three months ended July 31, 2024, was $193,777 thousand, compared to $173,237 thousand for the same period in 2023, marking an increase of 11.9%[14] - Free cash flow for the three months ended July 31, 2024, was $189.3 million, an increase from $167.3 million in the same period of 2023[17] - Total cash, cash equivalents, and restricted cash at the end of the period was $549,184 thousand, up from $406,790 thousand at the end of the previous year, representing a growth of 35%[14] Expenses and Liabilities - Total liabilities increased to $883.6 million, up from $828.4 million year-over-year, reflecting a 6.7% rise[11] - Research and development expenses for the three months ended July 31, 2024, were $75.3 million, a 12.4% increase from $66.8 million in the prior year[12] - Stock-based compensation for the three months ended July 31, 2024, was $37,286 thousand, slightly higher than $36,548 thousand in the same period of 2023, showing an increase of 2%[15] - The company expects stock-based compensation for the first quarter of fiscal year 2025 to be $35 million[18] Future Projections - The company expects a GAAP loss from operations of $(18) million for the first quarter of fiscal year 2025, with non-GAAP income from operations projected at $18 million[18] - The company recognized a gain of $1.8 million from the sale of a strategic investment during the three months ended January 31, 2024[16]

Guidewire Software, Inc. (GWRE) is slated to report fourth-quarter fiscal 2024 results on Sept. 5. Management expects revenues in the range of $279-$287 million. The Zacks Consensus Estimate is pegged at $283.2 million, indicating a 4.9% increase from the prior-year quarter. The consensus estimate for the bottom line is pegged at 52 cents, unchanged in the past 60 days. GWRE reported earnings of 74 cents per share in the year-ago period. GWRE has a trailing four-quarter earnings surprise of 109.2%, on avera ...

Guidewire Software (GWRE) shares have been performing well on the trading front with a gain of 36.1% year to date (YTD) compared with the S&P 500 composite and sub-industry's growth of 17.6% and 10.3%, respectively. The stock is still down 3.5% from its 52-week high of $153.85. Improving financial performance is buoying the good run on the trading front. The company's earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 109.2% Guidewire is a prov ...

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Guidewire Software currently has a Zacks Rank of #2 (Buy). Our research shows that ...

Guidewire Software NYSE: GWRE stock price has increased 150% in the last eighteen months because of the utility it provides insurers. The company operates as a B2B cloud-based SaaS that provides a suite of platforms for property and casualty insurers. The suite can be used piecemeal or as an end-to-end solution for group and self-managed plans. Guidewire Software Today | --- | --- | --- | --- | |----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | GWRE | | | | | Guidewir ...

Guidewire is a provider of software solutions for P&C insurers. Its cloud platform boasts a trusted infrastructure with modular and interconnected cloud services to aid insurers in upgrading their core operations. The platform has scalability as well as the ability to embed analytics and core workflows. The company updates its cloud platform thrice a year to keep the system agile and nimble amid a constantly evolving P&C industry. Since the last earnings announcement on Jun 4, its shares have surged 25.5%. ...

So, the market has re-rated GWRE's EV/Sales multiple as inflation has cooled, insurers have begun making buying decisions and the company's operating losses have been reduced. But does GWRE have a significant price growth runway for upside ahead? I suppose it depends on whether you believe inflation will continue to abate further and the company will make additional progress on earnings per share. I confess to being in a 'wait-and-see' mode, as over the past year, we may have seen previously delayed buying ...

Guidewire Software (GWRE) recently announced that rural insurer company FMG has chosen Guidewire InsuranceSuite, available on the Guidewire Cloud platform, to support its core business operations. By migrating to Guidewire Cloud, FMG expects to streamline its IT operations significantly, allowing the organization to adapt promptly to market fluctuations and evolving customer demands, thereby facilitating its continuous expansion in the insurance market. The company's premium solutions include InsuranceSuite ...

Value Score But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from. With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, GWRE should be on investors' short list. It also includes access to the Zacks Style Scores. The Style Scores are broken down into four categories: The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, ...

Guidewire Software (GWRE) reported non-GAAP earnings per share (EPS) of 26 cents in third-quarter fiscal 2024 (ended Apr 30, 2024), which surpassed the Zacks Consensus Estimate of 13 cents. The company reported a non-GAAP loss of 8 cents in the year-ago quarter. The company reported revenues of $240.7 million, up 16% year over year. The revenues surpassed the Zacks Consensus Estimate by 4%. The uptick was driven by solid Tier-1 deal volume and increasing migration activity, especially in Asia Pacific. Guide ...