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Apr 30, 2020
Guidewire Q3 2020 Earnings Report
Guidewire's financial performance exceeded expectations in Q3 2020, driven by strong subscription revenue growth. Leadership team updates were also announced.
Key Takeaways
Guidewire Software announced strong financial results for the third quarter of fiscal year 2020, with total revenue of $168.2 million, a 3% increase year-over-year. Subscription revenue grew by 105% year-over-year. The company's ARR reached $483 million.
Total revenue increased by 3% year-over-year to $168.2 million.
Subscription revenue grew by 105% year-over-year.
ARR reached $483 million.
GAAP net loss was $31.0 million, or $0.37 per share.
Guidewire
Guidewire
Guidewire Revenue by Segment
Forward Guidance
Guidewire is issuing the following outlook for the fourth quarter of fiscal year 2020: Revenue between $204.9 million and $212.9 million and GAAP income from operations between $4.2 million and $12.2 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income