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Apr 30, 2021
Guidewire Q3 2021 Earnings Report
Guidewire's Q3 2021 financial results were announced, revealing revenue and profitability above expectations, and eight cloud wins.
Key Takeaways
Guidewire Software, Inc. reported its financial results for the third quarter of fiscal year 2021. The company's ARR, total revenue, and profitability exceeded expectations, with eight cloud wins. Total revenue was $164.0 million, a decrease of 2% year-over-year. The company had $1.3 billion in cash, cash equivalents, and investments at the end of the quarter.
Total revenue for the third quarter of fiscal year 2021 was $164.0 million, a decrease of 2% from the same quarter in fiscal year 2020.
Subscription and support revenue was $64.8 million, an increase of 28% year-over-year.
Annual recurring revenue (ARR) was $538 million as of April 30, 2021, compared to $514 million as of July 31, 2020.
GAAP loss from operations was $46.8 million, compared with $25.6 million for the comparable period in fiscal year 2020.
Revenue by Segment
Forward Guidance
Guidewire is issuing the following outlook for the fourth quarter of fiscal year 2021 based on current expectations:
Positive Outlook
- ARR between $562 million and $569 million
- Total revenue between $218 million and $224 million
- Non-GAAP operating income (loss) between $20 million and $26 million
Challenges Ahead
- Operating income (loss) between $(11) million and $(5) million
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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