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Jan 31, 2022
Guidewire Q2 2022 Earnings Report
Guidewire's Q2 2022 financial results exceeded expectations, with subscription revenue increasing 64% year-over-year and continued demand for Guidewire Cloud.
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
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 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