Guidewire Software (NYSE:GWRE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 10.31%.
Guidewire Software Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 150% to $0.25 in the quarter versus EPS of $0.10 in the year-earlier quarter.
Revenue: Rose 43.36% to $96.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Guidewire Software reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $93.1 million.
Quoting Management: “Revenue and profitability exceeded our expectations in the fourth quarter, contributing to full year revenue growth of 30% and trailing twelve month recurring revenue growth of 44%,” said Marcus Ryu, Chief Executive Officer of Guidewire Software. “Investments in sales, delivery and new products helped us to advance our market leadership position in fiscal 2013 by expanding our customer base, including several key Tier 1 wins and our 50th PolicyCenter customer. We also achieved more multi-product and Suite transactions than last year and achieved the milestone of bringing our 100th customer into live production.”
Key Stats (on next page)…