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Oct 31, 2021
Guidewire Q1 2022 Earnings Report
Guidewire's Q1 2022 financial results were announced, showing a mixed performance with a decrease in total revenue but growth in subscription revenue and ARR.
Key Takeaways
Guidewire announced its Q1 2022 financial results, with total revenue at $165.9 million, a 2% decrease year-over-year. However, subscription and support revenue increased by 36% to $79.0 million, and ARR reached $594 million. The company reported a GAAP net loss of $51.3 million, or $0.62 per share, and a non-GAAP net loss of $18.1 million, or $0.21 per share.
Total revenue decreased by 2% year-over-year to $165.9 million.
Subscription and support revenue increased by 36% year-over-year to $79.0 million.
ARR reached $594 million, exceeding the high-end of guidance.
GAAP net loss was $51.3 million, or $0.62 per share, while non-GAAP net loss was $18.1 million, or $0.21 per share.
Revenue by Segment
Forward Guidance
Guidewire provided its outlook for the second quarter and updated its outlook for fiscal year 2022.
Positive Outlook
- ARR between $613 million and $616 million for Q2 2022.
- Total revenue between $195 million and $199 million for Q2 2022.
- ARR between $659 million and $669 million for fiscal year 2022.
- Total revenue between $780 million and $790 million for fiscal year 2022.
- Operating cash flow between $10 million and $20 million for fiscal year 2022.
Challenges Ahead
- Operating loss between $(52) million and $(49) million for Q2 2022.
- Non-GAAP operating loss between $(15) million and $(11) million for Q2 2022.
- Operating loss between $(205) million and $(195) million for fiscal year 2022.
- Non-GAAP operating loss between $(58) million and $(48) million for fiscal year 2022.
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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