Guidewire Beats Earnings, Raises Revenue Guidance

Guidewire Software exceeded Wall Streets revenue expectations in Q3, with sales surging by 26.5% to $332.6 million. Non-GAAP profit per share was 7.5% higher than predicted at $0.66. The companys positive outlook includes a 1.5% above-estimate revenue guidance of $342 million for Q4 and a raised full-year revenue forecast of $1.41 billion. Investors reacted positively, with the stock rising by 4.9% to $226.40. Despite slightly missing billings targets, Guidewires strong revenue growth and subscription-based services growth indicate a robust business.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.