Guidewire Software Announces Second Quarter Fiscal Year 2020 Financial Results
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Guidewire Software (GWRE) Tops Q2 EPS by 8c, Revenues Beat; Offers Q1 & FY20 EPS/Revenue Guidance Below Consensus
March 4, 2020 4:21 PM ESTGuidewire Software (NYSE: GWRE) reported Q2 EPS of $0.21, $0.08 better than the analyst estimate of $0.13. Revenue for the quarter came in at $173.46 million versus the consensus estimate of $166.39 million.
Second Quarter Fiscal Year 2020 Financial Highlights
Revenue
Total revenue for the second quarter of fiscal year 2020 was $173.5 million, an increase of 3% from the same quarter in fiscal year 2019. License and subscription revenue was $105.0 million, an increase of 21%; services revenue was $47.4 million, a decrease of 22%; and maintenance revenue was $21.1 million, which remained relatively flat.Annual recurring revenue, or ARR, was $474 million as of January 31,... More