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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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