Guidewire Software (GWRE) Tops Q3 EPS by 14c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus, Provides 4Q EPS/Revenue Views

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Guidewire Software Announces Third Quarter Fiscal Year 2020 Financial Results, Updates to Leadership Team

June 3, 2020 4:15 PM EDT

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 April 30, 2020.

We delivered strong financial results in the third quarter highlighted by 105% year-over-year growth in subscription revenue that, along with total revenue and profitability, exceeded our guidance ranges," said Mike Rosenbaum, chief executive officer, Guidewire Software. "I am very proud of how our team and community have responded to the headwinds caused by COVID-19. During our third quarter, we... More