Guidewire Software (GWRE) Tops Q1 EPS by 27c

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Guidewire Announces First Quarter Fiscal Year 2023 Financial Results

December 6, 2022 4:15 PM EST

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

We are off to a solid start to the fiscal year with first quarter ARR, revenue, and profitability all exceeding our guidance range, driven by subscription revenue growth and improved subscription and support gross margins, said Mike Rosenbaum, Chief Executive Officer, Guidewire. We continued to build on the momentum and enthusiasm for our cloud platform with record in-person attendance at our annual customer conference, Connections.

First Quarter Fiscal Year 2023 Financial... More