Guidewire Software Announces Second Quarter Fiscal Year 2020 Financial Results
Guidewire Software, Inc. (GWRE)
Last guidewire software, inc. earnings: 3/4 04:15 pm
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Source: Business Wire
SAN MATEO, Calif.--(BUSINESS WIRE)--Guidewire Software, Inc. (NYSE: GWRE), provider of the industry platform Property and Casualty (“P&C”) insurers rely upon, today announced its financial results for the fiscal quarter ended January 31, 2020.“Our second quarter was highlighted by two Tier 1 insurers selecting InsuranceSuite Cloud and one new customer selecting InsuranceNow," said Mike Rosenbaum, chief executive officer, Guidewire Software. "Total revenue and profitability exceeded our outlook in the quarter, and we continue to see a clear shift to cloud-based core systems. However, the growing interest in cloud-based systems is dampening self-managed demand, impacting our full year outlook. Ultimately, this trend is a positive validation of our cloud strategy and reinforces our confidence in serving the more than $2 trillion P&C industry."Second Quarter Fiscal Year 2020 Financial HighlightsRevenueTotal revenue for the second quarter of fiscal year 2020 was $173.5 million, an incr
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