Intraday Mover: Guidewire Software, Inc. (NYSE: GWRE)

On Friday, Shares of Guidewire Software, Inc. (NYSE :GWRE) price closed at $96.06 in the trading session. After opening the first trading session at $93.65, it registered a day’s high of $96.66 and touched a day’s low of $93.19. The last trade was registered at price of $94.40 and volume was 366,054 as compared to it’s an average volume of 598,447.

Guidewire Software, Inc. (NYSE: GWRE) reported its financial results for the fiscal quarter ended April 30, 2018.

Third Quarter Fiscal 2018 Financial Highlights

Revenue

Total revenue for the third quarter of fiscal 2018 was $140.5M, a raise of 14% from the same quarter in fiscal 2017. License and other revenue was $50.4M, a decrease of 15%, services revenue was $71.4M, a raise of 50%, and maintenance revenue was $18.7M, a raise of 11%.

Rolling four-quarter recurring revenue was $334.4M for the period ended April 30, 2018, a raise of 10% contrast to the same metric for the period ended April 30, 2017.

Profitability

GAAP loss from operations was $29.2M for the third quarter of fiscal 2018, contrast with loss of $4.3M in the comparable period in fiscal 2017.

Non-GAAP income from operations was $2.3M for the third quarter of fiscal 2018, contrast with income of $17.1M in the comparable period in fiscal 2017.

GAAP net loss was $48.6M for the third quarter of fiscal 2018, contrast with a net loss of $1.8M for the comparable period in fiscal 2017. GAAP net loss per share was $0.62, based on diluted weighted average shares outstanding of 78.8M, contrast with $0.02 net loss per share for the comparable period in fiscal 2017, based on diluted weighted average shares outstanding of 74.2M.

Non-GAAP net income was $3.9M for the third quarter of fiscal 2018, contrast with a net income of $12.3M in the comparable period in fiscal 2017. Non-GAAP net income per diluted share was $0.05, based on diluted weighted average shares outstanding of 80.4M, contrast with net income per diluted share of $0.16 in the comparable period in fiscal 2017, based on diluted weighted average shares outstanding of 75.2M.

In the liquidity ratio analysis; Guidewire Software, Inc.’s (GWRE) debt to equity ratio was 0.23 while current ratio was 6.00. The company has the institutional ownership of # ref while the Beta factor was 1.14. The stock’s RSI amounts to 63.53.

Liquidity

The Company had $1,158.5M in cash, cash equivalents and investments at April 30, 2018, contrast with $687.8M at July 31, 2017. The increase was Because of total net proceeds of $608.2M related to the public offering of our ordinary stock and convertible notes offering, partially offset by the use of about $130.1M of cash in connection with the acquisition of Cyence.

 

Paul Suggs

Paul Suggs provides the U.S. as well as global markets news for Streetobserver.com. He writes about the global market, politics, technology and healthcare news. He also covers latest activity, events and trends, economic reports and financial indicators relating to global market and US market. Paul now lives in Dallas Texas where he works from home as a freelance writer for many financial websites and publications.

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