Guidewire Software Announces Third Quarter Fiscal Year 2020 Financial Results, Updates to Leadership Team
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Guidewire Software (GWRE) Tops Q3 EPS by 14c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus, Provides 4Q EPS/Revenue Views
June 3, 2020 4:23 PM EDTGuidewire Software (NYSE: GWRE) reported Q3 EPS of $0.09, $0.14 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $168.2 million versus the consensus estimate of $152.63 million.
Third Quarter Fiscal Year 2020 Financial Highlights
RevenueTotal revenue for the third quarter of fiscal year 2020 was $168.2 million, an increase of 3% from the same quarter in fiscal year 2019. License and subscription revenue was $93.2 million, an increase of 22%; services revenue was $54.3 million, a decrease of 17%; and maintenance revenue was $20.7 million, which remained relatively flat.Annual recurring revenue, or ARR, was $483 million as of April 30,... More