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Jan 31, 2020
Guidewire Q2 2020 Earnings Report
Guidewire's Q2 2020 financial results were announced, with revenue and profitability exceeding expectations, driven by a shift to cloud-based systems.
Key Takeaways
Guidewire Software announced its Q2 Fiscal Year 2020 financial results, with total revenue reaching $173.5 million, a 3% increase year-over-year. The company saw a significant shift to cloud-based core systems, with two Tier 1 insurers selecting InsuranceSuite Cloud and one new customer selecting InsuranceNow.
Total revenue for the second quarter of fiscal year 2020 was $173.5 million, an increase of 3% from the same quarter in fiscal year 2019.
License and subscription revenue was $105.0 million, an increase of 21%.
GAAP loss from operations was $18.0 million for the second quarter of fiscal year 2020, compared with $6.3 million for the comparable period in fiscal year 2019.
Annual recurring revenue, or ARR, was $474 million as of January 31, 2020, up from $460 million as of July 31, 2019.
Guidewire
Guidewire
Guidewire Revenue by Segment
Revenue by Segment
Subscription & Support Revenue
CapyFin.comLicense Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
Guidewire is issuing the following outlook for the third fiscal quarter and revised outlook for fiscal year 2020 based on current expectations:
Revenue & Expenses
Visualization of income flow from segment revenue to net income