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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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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