- Guidewire Software (NYSE:GWRE) up 7% after yesterday's fiscal fourth-quarter results beat top and bottom-line estimates.
- Total revenue was down 6% Y/Y to $229.4M. Subscription and support revenue grew 29% to $70M. License revenue totaled $109.7M (-20%), and services sales were $49.8M, down 4%.
- ARR was $582M as of July 31 vs. the guidance of $562-$569M.
- The Company had $1.3B in cash, cash equivalents, and investments on July 31, 2021, compared to $1.4B on July 31, 2020.
- The Company used $38.8 million to repurchase 0.4M shares of its common stock during the quarter.
- Guidewire Software guides for Q1'22 revenue of $162-166M, below the $174.5M consensus estimate; ARR between $586M and $590M.
- For the fiscal year 2022, Guidewire forecasts sales of $780-790M, above the $769.1M consensus; ARR between $657M and $667M.
- Previously (Sept. 2): Guidewire Software EPS beats by $0.12, beats on revenue.
- Related: Guidewire Software, Inc. (GWRE) CEO Mike Rosenbaum on Q4 2021 Results - Earnings Call Transcript.