GWRE - Guidewire Software Analysts Increase Their Forecasts Following Q2 Results | Benzinga
Guidewire Software, Inc. (NYSE: GWRE) reported worse-than-expected second-quarter revenue results and issued FY24 revenue guidance below estimates on Thursday.
Guidewire Software posted adjusted earnings of 46 cents per share, beating market estimates of 23 per share. The company’s quarterly sales came in at $240.897 million, missing expectations of $240.913 million, according to data from Benzinga Pro.
"We are pleased with the continued cloud momentum, enabling us to beat and raise our ARR outlook and deliver 65% non-GAAP subscription and support gross margins in the quarter," said Jeff Cooper, chief financial officer, Guidewire. "Our fiscal year 2024 ...