Guidewire Q4 2021 Earnings Report
Key Takeaways
Guidewire Software, Inc. reported a decrease in total revenue for the fourth quarter of fiscal year 2021, with a GAAP net loss of $1.0 million, compared to a net income of $38.8 million for the same quarter in fiscal year 2020.
Total revenue for Q4 2021 was $229.4 million, a 6% decrease year-over-year.
Subscription and support revenue increased by 29% to $70.0 million.
GAAP loss from operations was $0.1 million, compared to an income of $44.3 million in the same quarter last year.
Non-GAAP income from operations was $32.0 million, compared to $76.4 million in the same quarter last year.
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Guidewire Revenue by Segment
Forward Guidance
Guidewire is issuing the following outlook for the first quarter of fiscal year 2022 based on current expectations:
Positive Outlook
- ARR between $586 million and $590 million
- Total revenue between $162 million and $166 million
Challenges Ahead
- Operating income (loss) between $(60) million and $(56) million
- Non-GAAP operating income (loss) between $(27) million and $(23) million
Revenue & Expenses
Visualization of income flow from segment revenue to net income