Guidewire Software Q1 Profit, Revenue Beat Expectations

Guidewire Software, a California-based insurance software provider, reported a profit of $31.3 million, or $0.36 per share, for the first fiscal quarter. This figure matched analysts expectations of $0.66 per share. The company also surpassed revenue forecasts, posting $332.6 million, compared to the predicted $317.2 million. Guidewire expects revenue to range from $339 million to $345 million in the current quarter and $1.4 billion to $1.42 billion for the full fiscal year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.