Guidewire Software (GWRE) Tops Q3 EPS by 8c; Guides FY Above the Street
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Guidewire Software (NYSE: GWRE) reported Q3 EPS of $0.14, $0.08 better than the analyst estimate of $0.06. Revenue for the quarter came in at $98.9 million versus the consensus estimate of $92.4 million.
“Revenue and profitability exceeded the high end of our outlook in our third quarter,” said Marcus Ryu, chief executive officer, Guidewire Software. “We see our results as reflective of the global P&C industry’s pursuit of technology-driven business transformation and our own journey towards market leadership.”
Ryu continued, “Our technology platform unifies core operations, digital engagement, and data for P&C insurers embracing the need for business transformation. Our acquisition of EagleEye Analytics in the quarter augments this platform with machine-learning-based models optimized for P&C in both underwriting and claims. These models naturally complement Guidewire InsuranceSuite by analyzing our customers’ operational data and providing actionable insights to their business users. We continue to invest in opportunities to expand the scope of our product platform while further driving standardization — and thereby cost efficiency — for the industry as a whole.”
GUIDANCE:
Guidewire Software sees Q4 2016 EPS of $0.30-$0.34, versus the consensus of $0.32. Guidewire Software sees Q4 2016 revenue of $133.5-137.5 million, versus the consensus of $137 million.
Guidewire Software sees FY2016 EPS of $0.73-$0.76, versus the consensus of $0.69. Guidewire Software sees FY2016 revenue of $416.5-420.5 million, versus the consensus of $414.25 million.
For earnings history and earnings-related data on Guidewire Software (GWRE) click here.
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