Guidewire Software (GWRE) Tops Q1 EPS by 10c, Q2 Revenue Guidance Misses Consensus

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Go back to Guidewire Software (GWRE) Tops Q1 EPS by 10c, Q2 Revenue Guidance Misses Consensus

Guidewire Software Announces First Quarter Fiscal Year 2020 Financial Results

December 5, 2019 4:15 PM EST

SAN MATEO, 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 October 31, 2019.

Total revenue and profitability in the first quarter exceeded our outlook and was highlighted with the selection of InsuranceSuite Cloud by a Tier One carrier for a new, greenfield line of business, said Mike Rosenbaum, chief executive officer, Guidewire Software. "As we build momentum into the year, we are as committed as ever to the cloud, data, and analytics... More