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Apr 30, 2023
Guidewire Q3 2023 Earnings Report
Guidewire's Q3 2023 financial results were announced, showcasing a 5% increase in total revenue and highlighted by eight cloud deals.
Key Takeaways
Guidewire reported a 5% increase in total revenue for Q3 2023, driven by a 24% increase in subscription and support revenue. The company's profitability expectations for the year have been raised due to higher cloud margins and cost discipline.
Total revenue increased by 5% compared to the same quarter in fiscal year 2022.
Subscription and support revenue increased by 24% year-over-year.
GAAP loss from operations improved compared to the same quarter in fiscal year 2022.
ARR reached $722 million as of April 30, 2023.
Revenue by Segment
Forward Guidance
Guidewire is issuing the following outlook for the fourth quarter of fiscal year 2023 based on current expectations:
Positive Outlook
- ARR between $745 million and $755 million
- Total revenue between $255 million and $265 million
- Operating income (loss) between $(7) million and $3 million
- Non-GAAP operating income (loss) between $29 million and $39 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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