Guidewire Software (GWRE) Tops Q1 EPS by 16c, FY Revenue Guidance Comes in Light
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December 4, 2018 4:17 PM EST
FOSTER CITY, Calif.--(BUSINESS WIRE)--
Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform
Property and Casualty (P&C) insurers rely upon, today announced its
financial results for the fiscal quarter ended October31, 2018.
Revenue and profitability exceeded our expectations for the first
quarter, further supplemented by a large contract consolidation that
accelerated revenue recognition into the quarter. said Marcus Ryu,
chief executive officer, Guidewire Software. During the first quarter
new and existing customers selected multiple components of Guidewire
InsurancePlatform - including InsuranceSuite, digital, data and
analytics - and we advanced multiple evaluations underway for Guidewire... More
