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 ...

Guidewire Software, Inc. (NYSE:GWRE) Q3 2024 Earnings Conference Call June 4, 2024 5:00 PM ET Company Participants Alex Hughes - Vice President, Investor Relations Mike Rosenbaum - Chief Executive Officer Jeff Cooper - Chief Financial Officer Conference Call Participants Kevin Kumar - Goldman Sachs Dylan Becker - William Blair Ken Wong - Oppenheimer Peter Heckmann - D.A. Davidson Rishi Jaluria - RBC Matt VanVliet - BTIG Alex Sklar - Raymond James Alexei Gogolev - JPMorgan David Unger - Wells Fargo Aaron Kim ...

For the quarter ended April 2024, Guidewire Software (GWRE) reported revenue of $240.68 million, up 16% over the same period last year. EPS came in at $0.26, compared to -$0.08 in the year-ago quarter. The reported revenue represents a surprise of +3.98% over the Zacks Consensus Estimate of $231.46 million. With the consensus EPS estimate being $0.13, the EPS surprise was +100.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Guidewire Software (GWRE) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this provider of software to the insurance industry would post earnings of $0.21 per share when it actually produced earnings of $0.46, delivering a surprise of 119.05%. Ov ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commissio ...

Exhibit 99.1 Guidewire Announces Third Quarter Fiscal Year 2024 Financial Results Revenue Profitability Liquidity and Capital Resources SAN MATEO, Calif., June 4, 2024 - Guidewire (NYSE: GWRE) today announced its financial results for the fiscal quarter ended April 30, 2024. "Our outstanding third quarter results were driven by strong Tier-1 deal volume and an acceleration in migration activity, particularly in Asia Pacific," said Mike Rosenbaum, chief executive officer, Guidewire. "Our dedication to contin ...

Guidewire Software (GWRE) recently announced that United Heritage Insurance is leveraging its InsuranceNow platform. GWRE's innovative product mix and continued deal wins in cloud solutions are driving growth. The focus on cloud strategy has been paying off for Guidewire, as evidenced by increasing sales. In the last reported quarter, the company's total revenues of $240.9 million increased 4% year over year. The figure was in line with the Zacks Consensus Estimate. The company has won 11 cloud deals in sec ...

Guidewire Software (GWRE) is continuing its upward trajectory, with a gain of 52.8% in the past year compared with the S&P 500 Composite and sub-industry's growth of 19.5% and 26.7%, respectively. 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 also has scalability as well as the ability to embed analytics and core workflows. The c ...

The Zacks Business-Software Services industry is benefiting from the heightened demand for digital transformation and the ongoing shift to the cloud. The growing automation of business processes across multiple industries and rapidly increasing enterprise data volumes are also driving the demand for business software and services. The growing demand for solutions that support hybrid operating environments is noteworthy. Increasingly sophisticated cyber-attacks are driving cybersecurity application demand. R ...

Guidewire Software (GWRE) witnessed strong momentum in the past year. Shares of the company have gained 39.5% in the same time frame compared with the sub-industry’s growth of 17.8%.The company is a leading provider of software solutions for property and casualty (P&C) insurers. Further, it offers Guidewire InsuranceSuite and Guidewire InsuranceNow, which provide solutions to support the entire insurance lifecycle.Image Source: Zacks Investment ResearchCatalysts Behind the Price SurgeThis Zacks Rank #3 (Hol ...