Guidewire Software (NYSE: GWRE) reported Q1 EPS of $0.00, $0.16 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $207.4 million versus the consensus estimate of $200.88 million.

Business Outlook

Guidewire is issuing the following outlook for the second quarter of fiscal year 2024 based on current expectations:

ARR between $793 million and $798 million
Total revenue between $237 million and $243 million, versus the consensus of $201.8 million.
Operating income (loss) between $(24) million and $(19) million
Non-GAAP operating income (loss) between $15 million and $20 million

Guidewire is updating the outlook for fiscal year 2024 based on current expectations as follows:

ARR between $846 million and $858 million
Total revenue between $976 million and $986 million, versus the consensus of $983 million.
Operating income (loss) between $(75) million and $(65) million
Non-GAAP operating income (loss) between $82 million and $92 million
Operating cash flow between $115 million and $135 million

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