Guidewire +4.4% AH on FQ2 beat, healthy guidance


Guidewire (GWRE) expects FQ3 revenue of $77M-$79M and EPS of $0.01 vs. a consensus of $77M and $0.01. With a big FQ2 beat on the books, FY14 (ends in July) guidance is for revenue of $334.5M-$342.5M and EPS of $0.34-$0.38 vs. a consensus of $339.1M and $0.26.

Guidewire saw a 15% Y/Y increase in license revenue (drives future maintenance/services revenue) in FQ2. The insurance software firm ended the quarter with a deferred revenue balance of $51.5M, up $8.3M Q/Q.

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