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Jul 31, 2020
Guidewire Q4 2020 Earnings Report
Guidewire reported strong Q4 results with a significant increase in subscription revenue and the launch of its first cloud-optimized InsuranceSuite release.
Key Takeaways
Guidewire Software announced its Q4 and FY2020 financial results, demonstrating a strong fourth quarter with a 17% increase in total revenue compared to the same quarter in the previous year. The company added 10 InsuranceSuite Cloud customers and grew subscription revenue for the year by 84%.
Total revenue for the fourth quarter of fiscal year 2020 was $243.7 million, an increase of 17% from the same quarter in fiscal year 2019.
Subscription and support revenue was $54.1 million, an increase of 29%.
GAAP income from operations was $44.3 million for the fourth quarter of fiscal year 2020, compared to $21.1 million for the same quarter in fiscal year 2019.
GAAP net income per share was $0.46, based on diluted weighted average shares outstanding of 83.9 million, compared to $0.28 for the same quarter in fiscal year 2019, based on diluted weighted average shares outstanding of 82.9 million.
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 first quarter of fiscal year 2021 based on current expectations:
Positive Outlook
- ARR between $509 million and $512 million
- Total revenue between $162 million and $166 million
Challenges Ahead
- Operating loss between $44 million and $40 million
- Non-GAAP operating loss between $10 million and $6 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income