Guidewire Software Announces Second Quarter Fiscal Year 2021 Financial Results
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Guidewire Software (GWRE) Tops Q2 EPS by 12c, Revenues Beat; Offers 3Q & FY21 Revenues Guidance Below Consensus
March 4, 2021 4:22 PM ESTGuidewire Software (NYSE: GWRE) reported Q2 EPS of $0.11, $0.12 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $180.1 million versus the consensus estimate of $170.29 million.
Second Quarter Fiscal Year 2021 Financial Highlights
Revenue
Total revenue for the second quarter of fiscal year 2021 was $180.1 million, an increase of 4% from the same quarter in fiscal year 2020. Subscription and support revenue was $59.6 million, an increase of 20%; license revenue was $77.9 million, an increase of 2%; and services revenue was $42.6 million, a decrease of 10%.Annual recurring revenue, or ARR, was $520 million as of January 31, 2021, compared to... More