Guidewire Software (GWRE) Tops Q4 EPS by 38c, Guidance Misses

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Go back to Guidewire Software (GWRE) Tops Q4 EPS by 38c, Guidance Misses

Guidewire Software Announces Fourth Quarter and Fiscal Year 2020 Financial Results

September 2, 2020 4:15 PM EDT

SAN MATEO, Calif.--(BUSINESS WIRE)-- Guidewire Software, Inc. (NYSE: GWRE), provider of the platform Property and Casualty (P&C) insurers trust to engage, innovate, and grow efficiently, today announced its financial results for the fourth fiscal quarter and fiscal year ended July 31, 2020.

We had a strong fourth quarter, adding 10 InsuranceSuite Cloud customers and growing subscription revenue for the year by 84%, said Mike Rosenbaum, chief executive officer, Guidewire Software. Additionally, we launched Aspen, our first cloud-optimized release of InsuranceSuite, taking a major leap forward in our mission to provide the cloud platform... More