2023-06-01 16:22:22 ET
- Guidewire Software press release ( NYSE: GWRE ): Q3 Non-GAAP EPS of -$0.08 beats by $0.06 .
- Revenue of $207.49M (+5.1% Y/Y) misses by $6.52M .
- Subscription and support revenue was $107.5 million, an increase of 24%; services revenue was $49.4 million, a decrease of 13%; and license revenue was $50.6 million, a decrease of 6%.
- As of April 30, 2023, annual recurring revenue, or ARR, was $722 million, compared to $664 million as of July 31, 2022. ARR results for interim quarterly periods in fiscal year 2023 are based on actual currency rates at the end of fiscal year 2022, held constant throughout the year.
- Q4 Outlook: ARR between $745 million and $755 million
- Total revenue between $255 million and $265 million
- Operating income (loss) between $(7) million and $3 million
- Non-GAAP operating income (loss) between $29 million and $39 million.
- 2023 Outlook: ARR between $745 million and $755 million
- Total revenue between $890 million and $900 million
- Operating income (loss) between $(163) million and $(153) million
- Non-GAAP operating income (loss) between $(4) million and $6 million
- Operating cash flow between $10 million and $40 million.
- Shares -4.03% .
For further details see:
Guidewire Software Non-GAAP EPS of -$0.08 beats by $0.06, revenue of $207.49M misses by $6.52M