GWRE - Guidewire Software Inc. (GWRE) Q2 2024 Earnings Call Transcript
2024-03-07 22:24:04 ET
Guidewire Software, Inc. (GWRE)
Q2 2024 Earnings Conference Call
March 7, 2024 05:00 PM ET
Company Participants
Alex Hughes - VP, IR
Mike Rosenbaum - CEO
Jeffrey Cooper - CFO
Conference Call Participants
Alexei Gogolev - JPMorgan
Kevin Kumar - Goldman Sachs
Ken Wong - Oppenheimer & Company
Richard Carlin - RBC
Dylan Becker - William Blair
Michael Turrin - Wells Fargo
Matthew VanVliet - BTIG
Parker Lane - Stifel
Joseph Vruwink - Baird
Alexander Sklar - Raymond James
Aaron Kimson - Citizens JMP
Presentation
Operator
Greetings. Welcome to the Guidewire Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.
I will now turn the conference over to your host, Alex Hughes, Vice President of Investor Relations. You may begin.
Alex Hughes
Thank you, Shamali. I'm Alex Hughes, Vice President of Investor Relations. And with me today is Mike Rosenbaum, Chief Executive Officer; and Jeff Cooper, Chief Financial Officer. A complete disclosure of our results can be found in our press release issued today, as well as in our related Form 8-K furnished to the SEC, both of which are available on the Investor Relations section of our website. Today's call is being recorded, and a replay will be available following the conclusion of this call.
Statements made on this call include forward-looking ones regarding our financial results, products, customer demand, operations, the impact of local, national and geopolitical events on our business and other matters. These statements are subject to risks, uncertainties and assumptions are based on management's current expectations as of today and should not be relied upon as representing our views as of any subsequent date.
Please refer to the press release and risk factors and documents we file with the SEC, including our most recent annual report on Form 10-K and our prior and forthcoming quarterly reports on Form 10-Q filed and to be filed with the SEC for information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements.
We will also refer to certain non-GAAP financial measures to provide additional information to investors. All commentary on margins, profitability and expenses are on a non-GAAP basis, unless stated otherwise. A reconciliation of non-GAAP to GAAP measures is provided in our press release. Reconciliations and additional data are also posted in the supplement on our IR website.
And with that, I'll now turn the call over to Mike.
Mike Rosenbaum
Thank you, Alex. Good afternoon, and thanks, everybody, for joining today. I'm pleased to report another strong quarter with continued momentum in both sales activity and operational performance. Our results in Q2 put us in a great position halfway through our fiscal year, driven by outstanding execution and progress across sales, customer success, finance, product and engineering. We reached $800 million in ARR in the quarter, and our performance through the halfway point puts us, excuse me, allows us to raise our ARR guide for the fiscal year....
Guidewire Software, Inc. (GWRE) Q2 2024 Earnings Call Transcript