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Guidewire +3.7% AH on FQ1 beat, EPS guidance

Dec. 02, 2014 5:09 PM ETGuidewire Software, Inc. (GWRE) StockBy: Eric Jhonsa, SA News Editor
  • Guidewire (NYSE:GWRE) expects FQ2 revenue of $81.6M-$88.6M and EPS of $0.09-$0.12 vs. a consensus of $87.1M and $0.08. FY15 (ends July '15) guidance is for revenue of $366.7M-$382.4M and EPS of $0.43-$0.50 vs. a consensus of $376.6M and $0.44.
  • License revenue (drives future maintenance/services revenue) rose 53% Y/Y in FQ1 to $28.8M. Guidewire notes growth would've been 30% if not for early payments for a term license, and the timing of a term license anniversary fee. Maintenance revenue rose 30% to $12.5M. Services only rose 1% to $38.4M.
  • A mix shift towards licenses led gross margin to jump to 55.2% from 43.2% a year ago. GAAP opex rose 15% to $47.6M.
  • FQ1 results, PR

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