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Oct 31, 2020
Guidewire Q1 2021 Earnings Report
Guidewire reported a solid start to the fiscal year with first quarter ARR, revenue, and operating income exceeding the high-end of its guidance ranges.
Key Takeaways
Guidewire's first quarter fiscal year 2021 shows an 8% increase in total revenue compared to the same quarter last year. ARR was $513 million. GAAP loss from operations was $31.6 million, while non-GAAP income from operations was $2.8 million.
Total revenue increased by 8% year-over-year to $169.8 million.
Subscription and support revenue increased by 18% to $58.0 million.
License revenue increased by 20% to $65.3 million.
ARR reached $513 million as of October 31, 2020.
Guidewire
Guidewire
Guidewire Revenue by Segment
Forward Guidance
Guidewire is issuing the following outlook for the second quarter of fiscal year 2021 based on current expectations:
Positive Outlook
- ARR between $518 million and $521 million
- Total revenue between $168 million and $172 million
Challenges Ahead
- Operating income (loss) between $(41) million and $(37) million
- Non-GAAP operating income (loss) between $(5) million and $(1) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income