Guidewire Software Announces Second Quarter Fiscal 2019 Financial Results
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Guidewire Software (GWRE) Tops Q2 EPS by 15c, Revenues Beat; Q3 EPS Mid-Point Guidance Above Estimates, Q3 Revenue Guidance Above Consensus, FY19 EPS View Above Consensus
March 6, 2019 4:23 PM ESTGuidewire Software (NYSE: GWRE) reported Q2 EPS of $0.34, $0.15 better than the analyst estimate of $0.19. Revenue for the quarter came in at $169.3 million versus the consensus estimate of $159.71 million.
Revenue
Total revenue for the second quarter of fiscal year 2019 was $169.3 million, an increase of 3% from the same quarter in fiscal year 2018. License and subscription revenue was $87.1 million, an increase of 3%; services revenue was $60.9 million, an increase of 1%; and maintenance revenue was $21.3 million, an increase of 11%.Profitability
GAAP loss from operations was $5.5 million for the second quarter of fiscal year 2019, compared... More