Guidewire Software (GWRE) Tops Q4 EPS by 5c, Revenues Beat; Offers FY19 EPS/Revenue Outlook Below Consensus

Guidewire Software (NYSE: GWRE) reported Q4 EPS of $0.81, $0.05 better than the analyst estimate of $0.76. Revenue for the quarter came in at $248.6 million versus the consensus estimate of $238.86 million.

“Driven by a record number of transactions at new and existing customers in both domestic and international markets, revenue and net income were above our guidance ranges for the fourth quarter and fiscal year 2018,” said Marcus Ryu, chief executive officer, Guidewire Software. “As insurers strive for differentiation through automation, digital engagement, predictive analytics, and integration to insurtech partners, they increasingly seek cloud solutions that reduce IT complexity and risk. We enter fiscal 2019 well situated to continue Guidewire InsurancePlatform’s progress toward becoming the platform of choice for the $2 trillion P&C insurance industry.”

GUIDANCE:

Guidewire Software sees FY2019 EPS of $1.15-$1.26, versus the consensus of $1.26. Guidewire Software sees FY2019 revenue of $740-752.5 million, versus the consensus of $779.56 million.

For earnings history and earnings-related data on Guidewire Software (GWRE) click here.

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