Latest news with #GuidewireCloud
Yahoo
3 days ago
- Business
- Yahoo
Guidewire's Q3 Earnings & Revenues Beat Estimates, Stock Surges
Guidewire Software, Inc GWRE reported non-GAAP earnings per share of 88 cents in third-quarter fiscal 2025 (ended April 30, 2025), up 238.5% year over year and beat the Zacks Consensus Estimate by 91.3%. The company reported revenues of $293.5 million, up 22% year over year. Revenues beat the Zacks Consensus Estimate by 2.7%. The figure also surpassed the company's guided range of $283-$289 million. This uptick was driven by solid sales activity. Guidewire Cloud continued to gain momentum in the reported quarter with 17 deal wins. Out of these deals, 14 were for various InsuranceSuite Cloud applications and three InsuranceNow deals. It closed seven core system deals with Tier 1 insurers and three with Tier 2 insurers. Guidewire Software, Inc. price-consensus-eps-surprise-chart | Guidewire Software, Inc. Quote As of April 30, annual recurring revenues ('ARR') were $960 million, up 15.9% year over year. GWRE now expects ARR for fiscal 2025 to be in the range of $1.012 billion to $1.022 billion (previous projection: $1-$1.01 billion).Driven by strong revenue performance in the fiscal third quarter, GWRE expects total revenues for fiscal 2025 to be between $1.178 billion and $1.186 billion compared with earlier guidance of $1.164 billion to $1.174 billion. Subscription revenues are now forecasted to be $660 million, while subscription and support revenues are expected to be $724 million. Services revenues are expected to be approximately $215 million. Non-GAAP operating income is estimated between $187 million and $195 million compared with $175-$185 million expected previously. Cash flow from operations is now anticipated to be in the range of $255-$275 million (earlier range: $230-$260 million). Following the results, shares are up 11.4% in the pre-market trading session today. In the past year, shares of the company have gained 71.1% compared with the Internet Software industry's growth of 35.6%. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Image Source: Zacks Investment Research The subscription and support segment's revenues (62% of total revenues) soared 32% from the year-ago quarter's level to $181.8 revenues (19.5%) were up 2% year over year to $57.2 million. Services' revenues (18.5%) jumped 17% year over year to $54.5 gross margin expanded to 65.5% from 62.6% on a year-over-year basis. The subscription and support segment's gross margin increased to 70.6% from 65.6% on a year-over-year basis, attributed to higher-than-expected revenues and increases in cloud infrastructure platform efficiency, along with $4 million in credits received from its cloud service provider. Services' non-GAAP gross margin was 12.9% against negative 10.3% in the year-ago quarter. Total operating expenses increased 12.1% year over year to $178.2 million. Non-GAAP operating income was $46.1 million compared with $20.8 million in the year-ago quarter. As of April 30, 2025, cash and cash equivalents and short-term investments were $1,243.7 million compared with $1,412.4 million as of Jan. 31, by strong collections, GWRE generated $32.4 million in cash from operations in the quarter under discussion while free cash flow was nearly $27.8 million. For the fourth quarter of fiscal 2025, revenues are expected in the range of $332-$340 million. Non-GAAP operating income is estimated in the range of $52-$60 million. Guidewire currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. CoreWeave CRWV reported first-quarter 2025 loss per share of $1.49, which was much wider than a loss of 62 cents in the year-ago quarter. Adjusted net loss for the quarter was $149.6 million compared with a loss of $23.6 million a year ago. Revenues in the quarter were a record $981.6 million, which beat the Zacks Consensus Estimate by 15.2%. Total revenues jumped 420% year over year. The top-line performance was driven by increasing demand for AI-cloud infrastructure. CRWV highlighted that AI is forecasted to have a global economic impact of $20 trillion by 2030, while the total addressable market is anticipated to increase to $400 billion by 2028. Shares of CoreWeave have skyrocketed 195% in the past month. Atlassian Corporation TEAM reported third-quarter fiscal 2025 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Its non-GAAP earnings per share of 97 cents beat the Zacks Consensus Estimate by 7.8%. The figure jumped 9% from the year-ago quarter's non-GAAP earnings of 89 cents per share. TEAM's fiscal third-quarter revenues climbed 21.4% year over year to $1.36 billion and beat the Zacks Consensus Estimate by 0.72%. The top line was primarily driven by robust paid growth in Atlassian Government Cloud and Isolated Cloud, and momentum in AI-adoption. Shares of TEAM have inched up 1.4% in the past month. Zoom Communications Inc's. ZM first-quarter fiscal 2026 adjusted earnings of $1.43 per share beat the Zacks Consensus Estimate by 10% and increased 5.93% year over year. Zoom's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 10.33%. Revenues of $1.175 billion beat the consensus mark by 0.89% and increased 2.93% year over year. Adjusting for foreign currency impact, revenues in constant currency were $1.18 billion, up 3.4% year over year. Shares of ZM are up 3.5% in the past month. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Guidewire Software, Inc. (GWRE) : Free Stock Analysis Report Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report Zoom Communications, Inc. (ZM) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Guidewire Set to Report Q3 Earnings: Here's What Investors Should Know
Guidewire Software, Inc GWRE is slated to report third-quarter fiscal 2025 results tomorrow. Management expects revenues to be in the range of $283-$289 million. The Zacks Consensus Estimate is pegged at $285.7 million, indicating an 18.7% increase from the prior-year quarter's level. The consensus estimate for the bottom line is pegged at 46 cents, which remained unchanged in the past 60 days. GWRE reported earnings of 26 cents per share in the year-ago period. Image Source: Zacks Investment Research It delivered a trailing four-quarter earnings surprise of 40.2%, on average. Shares of GWRE have gained 96.1% in the past year compared with the Internet-Software industry's growth of 35%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Guidewire's performance is likely to have benefited from continued momentum in its cloud-based solutions. GWRE is expected to have benefited from secular tailwinds in the property & casualty insurance industry, especially as climate-driven catastrophes highlight the critical role of robust risk infrastructure. Solid deal volume across all tiers (especially Tier 1 insurers) and increasing international momentum, especially in Asia Pacific and Europe, are other tailwinds. In the last reported quarter, Guidewire Cloud reported 12 deal wins. Out of these deals, four were for InsuranceSuite Cloud, one InsuranceNow deal and the remainder for one or two core X Center applications. The company's focus on enhancing the Guidewire Cloud platform with new capabilities is expected to have boosted sales of subscription-based solutions. Management expects subscription and support revenues of $178 million, with services revenues of $52 million. GWRE noted that sequential growth in subscription revenues will be modest due to three fewer calendar days in the third quarter. The company has been expanding its partner ecosystem, including more than 500 cloud apps on Guidewire Marketplace and more than 10,500 certified professionals, to drive sustained activity and greater value from the platform. Guidewire Software, Inc. price-eps-surprise | Guidewire Software, Inc. Quote For the third quarter of fiscal 2025, ARR is anticipated to be between $942 million and $947 million. We expect ARR to be $944.6 million. GWRE's efforts to drive cloud operations efficiency to boost cloud margins remain an additional tailwind. The company's expectation for non-GAAP operating income is pinned in the range of $36-$42 million. Subscription and support non-GAAP gross margin is expected to remain strong at 68-69%, while services gross margins are guided at 10%. We expect non-GAAP gross margin Subscription and support to be 68.7% while our estimate for non-GAAP operating income is pegged at $39 million, up 87.8% year over year. Increasing investments in product enhancements, along with weakness in global macroeconomic conditions and inflation, remain concerning. License revenues are likely to have been affected owing to the migration of on-premise customers to the cloud. Our proven model does not predict an earnings beat for GWRE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here. GWRE has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Here are some better-ranked stocks that you may consider, as our model shows that these have the right combination of elements to beat on earnings this season. Broadcom Inc. AVGO is set to release quarterly numbers on June 5. It currently has an Earnings ESP of +1.27% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for AVGO's to-be-reported quarter's earnings and revenues is pegged at $1.57 per share and $14.92 billion, respectively. Shares of AVGO have gained 83.1% in the past year. Oxford Industries, Inc. OXM presently has an Earnings ESP of +0.92% and a Zacks Rank #3. OXM is scheduled to report quarterly numbers on June 11. The Zacks Consensus Estimate for OXM's to-be-reported quarter's earnings and revenues is pegged at $1.82 per share and $385.2 million, respectively. Shares of OXM have lost 50.8% in the past year. Inc. JILL has an Earnings ESP of +1.71% and a Zacks Rank #3 at present. JILL is scheduled to report quarterly figures on June 11. The Zacks Consensus Estimate for JILL's to-be-reported quarter's earnings and revenues is pegged at 88 cents per share and $156.7 million, respectively. Shares of JILL have plunged 54.8% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO) : Free Stock Analysis Report Guidewire Software, Inc. (GWRE) : Free Stock Analysis Report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Inc. (JILL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19-05-2025
- Automotive
- Business Wire
San Cristóbal Seguros Deploys Guidewire Cloud to Increase Agility and Deliver Value
ROSARIO, Argentina & SAN MATEO, Calif.--(BUSINESS WIRE)-- Grupo San Cristóbal, an Argentine financial and insurance group with regional presence, and Guidewire (NYSE: GWRE) announced that San Cristóbal Seguros successfully deployed Guidewire InsuranceSuite on Guidewire Cloud to power their core business and simplify IT operations. A Guidewire customer since 2015, the company leveraged Guidewire Cloud to successfully transform its personal auto and fleet management lines of business by implementing an optimized and effective quoting engine as well as introducing new functionalities to improve efficiency and expedite time-to-market. Guidewire PartnerConnect Consulting Advantage member SBI Technology supported the implementation project. 'Guidewire is a benchmark in everything that involves managing the businesses of P&C and all processes in the insurance policy lifecycle. It's helping us innovate, thanks to the focus and specialty they have in understanding business and the good practices of the market,' said Grupo San Cristóbal Chief Information Officer Federico Rela. 'Guidewire Cloud gives us better control of our business processes, positioning and laying the foundations to achieve greater speed and agility in the face of the changes that the business requires. Guidewire Cloud is not only a platform, but there is an ecosystem of consulting and technology partners that we can leverage to deliver value much more quickly.' San Cristóbal Seguros Chief Operations Officer Nicolás Ercole remarked, 'Guidewire Cloud and Guidewire Advanced Product Designer have enabled us to react quickly and flexibly to face regulatory changes with greater agility. We're excited about the ease and speed with which we can get updates on Guidewire Cloud so we can enjoy the benefit of new functionalities immediately. Advanced Product Designer, in particular, was a key tool for us, enabling our product and technical specialists to utilize a graphical interface to model our new automotive and fleet products, coverages, risk factors, limits, and product conditions.' Ercole added, 'Another positive aspect of Guidewire Cloud is the introduction of native cloud APIs of InsuranceSuite and the possibility of configuring events, allowing us to quickly capture what happens in our core system and react in other satellite systems and data processing centers in a very simple, agile, and flexible way.' 'We're honored to have facilitated San Cristóbal Seguros's Guidewire Cloud implementation project,' commented SBI Technology CEO and Co-Founder Javier Estefan. 'Utilizing Guidewire Cloud is enabling the company to achieve enterprise agility, facilitating real-time broker connectivity and allowing for quick adaptation and implementation of new tools and updates.' 'We applaud San Cristóbal Seguros's 85-year history of dedication to customer service and business process improvement,' concluded Guidewire Head of Professional Services Michael Mahoney. 'We congratulate them on their successful Guidewire Cloud deployment and look forward to helping the company grow their business.' About San Cristóbal Seguros With a history of 85 years in general insurance, San Cristóbal Seguros has a reputation of financial strength and solvency and ranks among the top ten for its overall market share. In auto insurance and P&C products, the company ranks third in Argentina. It has a unique structure in Argentina and operates 23 offices with more than 6,000 advisors and producers serving more than 910,000 policyholders. For more information, visit About SBI Technology At SBI Technology we have been providing top-of-the-line consulting services for the implementation of World Class products for more than 20 years. We are a company with more than 20 years providing first-line technology services and an extensive international trajectory with subsidiaries in Argentina, Spain and Uruguay. We are a Partner of world class companies: IBM, SAP, Quadient, Microsoft, Guidewire Software with 200 highly senior professionals. We participate as a sponsor of technology events in Las Vegas, Miami, San Francisco and Madrid. We develop business units that provide synergy in the value delivered to customers. For more information, please visit About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire trademarks, visit .
Yahoo
19-05-2025
- Automotive
- Yahoo
San Cristóbal Seguros Deploys Guidewire Cloud to Increase Agility and Deliver Value
ROSARIO, Argentina & SAN MATEO, Calif., May 19, 2025--(BUSINESS WIRE)--Grupo San Cristóbal, an Argentine financial and insurance group with regional presence, and Guidewire (NYSE: GWRE) announced that San Cristóbal Seguros successfully deployed Guidewire InsuranceSuite on Guidewire Cloud to power their core business and simplify IT operations. A Guidewire customer since 2015, the company leveraged Guidewire Cloud to successfully transform its personal auto and fleet management lines of business by implementing an optimized and effective quoting engine as well as introducing new functionalities to improve efficiency and expedite time-to-market. Guidewire PartnerConnect Consulting Advantage member SBI Technology supported the implementation project. "Guidewire is a benchmark in everything that involves managing the businesses of P&C and all processes in the insurance policy lifecycle. It's helping us innovate, thanks to the focus and specialty they have in understanding business and the good practices of the market," said Grupo San Cristóbal Chief Information Officer Federico Rela. "Guidewire Cloud gives us better control of our business processes, positioning and laying the foundations to achieve greater speed and agility in the face of the changes that the business requires. Guidewire Cloud is not only a platform, but there is an ecosystem of consulting and technology partners that we can leverage to deliver value much more quickly." San Cristóbal Seguros Chief Operations Officer Nicolás Ercole remarked, "Guidewire Cloud and Guidewire Advanced Product Designer have enabled us to react quickly and flexibly to face regulatory changes with greater agility. We're excited about the ease and speed with which we can get updates on Guidewire Cloud so we can enjoy the benefit of new functionalities immediately. Advanced Product Designer, in particular, was a key tool for us, enabling our product and technical specialists to utilize a graphical interface to model our new automotive and fleet products, coverages, risk factors, limits, and product conditions." Ercole added, "Another positive aspect of Guidewire Cloud is the introduction of native cloud APIs of InsuranceSuite and the possibility of configuring events, allowing us to quickly capture what happens in our core system and react in other satellite systems and data processing centers in a very simple, agile, and flexible way." "We're honored to have facilitated San Cristóbal Seguros's Guidewire Cloud implementation project," commented SBI Technology CEO and Co-Founder Javier Estefan. "Utilizing Guidewire Cloud is enabling the company to achieve enterprise agility, facilitating real-time broker connectivity and allowing for quick adaptation and implementation of new tools and updates." "We applaud San Cristóbal Seguros's 85-year history of dedication to customer service and business process improvement," concluded Guidewire Head of Professional Services Michael Mahoney. "We congratulate them on their successful Guidewire Cloud deployment and look forward to helping the company grow their business." About San Cristóbal Seguros With a history of 85 years in general insurance, San Cristóbal Seguros has a reputation of financial strength and solvency and ranks among the top ten for its overall market share. In auto insurance and P&C products, the company ranks third in Argentina. It has a unique structure in Argentina and operates 23 offices with more than 6,000 advisors and producers serving more than 910,000 policyholders. For more information, visit About SBI Technology At SBI Technology we have been providing top-of-the-line consulting services for the implementation of World Class products for more than 20 years. We are a company with more than 20 years providing first-line technology services and an extensive international trajectory with subsidiaries in Argentina, Spain and Uruguay. We are a Partner of world class companies: IBM, SAP, Quadient, Microsoft, Guidewire Software with 200 highly senior professionals. We participate as a sponsor of technology events in Las Vegas, Miami, San Francisco and Madrid. We develop business units that provide synergy in the value delivered to customers. For more information, please visit About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire trademarks, visit View source version on Contacts Albert LinPublic Relations ManagerGuidewire Software, Inc.+1.415.205.4214allin@ José BacovcikDirector of Insurance ConsultingSBI Technology+ Marilina FessiaCommunications SpecialistGrupo San Cristóbal+ 54 9 341 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Belgian insurer P&V Group migrates to Guidewire Cloud platform
P&V Group has become the first Belgian insurance company to utilise the Guidewire Cloud Platform. The cooperative insurer migrated Guidewire's core applications to the Guidewire Cloud Platform to power its underwriting, billing and claims operations. Guidewire Cloud transforms the user's core system through a scalable, secure and rapidly updateable cloud delivery model. As part of the move, InsuranceSuite and Guidewire's digital, data and analytics solutions have been moved from an on-premises environment to a cloud-based platform. The migration is expected to streamline P&V Group's IT operations and provide better service to policyholders. The company has been utilising Guidewire solutions since 2014 and offers insurance products to individuals, businesses and institutions across various distribution channels and brands. P&V Group IT strategy & governance director Rudi Serron said: 'The professional collaboration between the P&V Group team and the Guidewire team has enabled a smooth transition to the cloud. The platform allows us to remain current thanks to regular updates of features and application capabilities. We are already enjoying the benefits of the migration, including an enhanced focus on innovation, with Open APIs and access to a wide-ranging marketplace of leading insurtechs.' Guidewire said that more than 570 insurers in 42 countries, from new ventures to the largest and most complex in the world, depend on its products. Guidewire senior vice-president and EMEA managing director Will McAllister said: "P&V Group is a great example of a European insurer which is dedicated to continuous innovation in the pursuit of enhancing customer experience. Guidewire Cloud Platform is the ideal platform to support this ambition, helping P&V Group to remove technical debt, improve operational efficiency, and grow profitably.' The shift to the Guidewire Cloud Platform follows a similar transition by Beneva, a Canadian mutual insurance company, which moved its core insurance operations to the Guidewire Cloud. "Belgian insurer P&V Group migrates to Guidewire Cloud platform " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
