Guidewire Q2 2022 Earnings Report
Key Takeaways
Guidewire announced its Q2 Fiscal Year 2022 financial results, exceeding guidance for ARR, revenue, and profitability. Total revenue was $204.6 million, a 14% increase year-over-year, with subscription revenue growing 64%. ARR reached $620 million. However, GAAP loss from operations was $39.5 million, and GAAP net loss was $40.7 million.
Total revenue for the second quarter of fiscal year 2022 was $204.6 million, an increase of 14% from the same quarter in fiscal year 2021.
Subscription and support revenue was $84.3 million, an increase of 42% from the same quarter in fiscal year 2021.
Annual recurring revenue, or ARR, was $620 million as of January 31, 2022, compared to $582 million as of July 31, 2021.
GAAP loss from operations was $39.5 million for the second quarter of fiscal year 2022, compared with $27.1 million for the same quarter in fiscal year 2021.
Guidewire
Guidewire
Guidewire Revenue by Segment
Forward Guidance
Guidewire is issuing the following outlook for the third quarter of fiscal year 2022 based on current expectations: •ARR between $632 million and $635 million •Total revenue between $186 million and $190 million •Operating income (loss) between $(65) million and $(62) million •Non-GAAP operating income (loss) between $(29) million and $(25) million
Positive Outlook
- ARR between $632 million and $635 million
- Total revenue between $186 million and $190 million
Challenges Ahead
- Operating income (loss) between $(65) million and $(62) million
- Non-GAAP operating income (loss) between $(29) million and $(25) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income