Insurance industry-focused software maker Guidewire (NYSE:GWRE) announced better-than-expected results in Q2 CY2024, with revenue up 8% year on year to $291.5 million. Guidance for next quarter’s revenue was also optimistic at $254 million at the midpoint, 7.5% above analysts’ estimates. It made a non-GAAP profit of $0.62 per share, down from its profit of $0.73 per share in the same quarter last year.
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Guidewire (GWRE) Q2 CY2024 Highlights:
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Revenue: $291.5 million vs analyst estimates of $283.9 million (2.7% beat)
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Adjusted Operating Income: $48.97 million vs analyst estimates of $49.06 million (small miss)
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EPS (non-GAAP): $0.62 vs analyst estimates of $0.54 (14% beat)
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Management’s revenue guidance for the upcoming financial year 2025 is $1.14 billion at the midpoint, beating analyst estimates by 4.5% and…
