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Guidewire Software Analysts Increase Their Forecasts After Upbeat Earnings

Guidewire Software, Inc. (NYSE:GWRE) reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates on Tuesday. Guidewire Software reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 13 cents per share. The company reported quarterly sales of $240.700 million which beat the analyst consensus estimate of $231.271 million, according to data from Benzinga Pro. “Our outstanding third quarter results were driven by strong Tier-1 deal volume and an acceleration in migration activity, particularly in Asia Pacific,” said Mike Rosenbaum, chief executive officer, Guidewire. “Our dedication to continuous innovation ...