Guidewire Software (GWRE) Tops Q2 EPS by 5c, Offers Guidance

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Go back to Guidewire Software (GWRE) Tops Q2 EPS by 5c, Offers Guidance

Guidewire Announces Second Quarter Fiscal Year 2022 Financial Results

March 8, 2022 4:15 PM EST

SAN MATEO, Calif.--(BUSINESS WIRE)-- Guidewire (NYSE: GWRE) today announced its financial results for the fiscal quarter ended January 31, 2022.

Our second quarter results exceeded our guidance for ARR, revenue, and profitability with subscription revenue increasing 64% year-over-year, said Mike Rosenbaum, chief executive officer, Guidewire. We saw continued demand for Guidewire Cloud, including 11 cloud deals in the quarter from a mix of existing customer migrations and new customers embarking on core modernizations.

Second Quarter Fiscal Year 2022 Financial Highlights

Revenue

Total revenue for the second quarter... More