GUIDEWIRE SOFTWARE Reports FY2023 Q4 Earnings Results for Three Months Ending July 31, 2023
September 12, 2023
🌥️Earnings Overview
On September 7, 2023, GUIDEWIRE SOFTWARE ($NYSE:GWRE) reported their financial results for the fourth quarter of FY2023, ending July 31, 2023. The company reported total revenue of USD 270.0 million, signifying a 10.4% increase from the same period in the prior year. They also announced a net income of USD 12.2 million, demonstrating a 139.4% year-over-year growth.
Share Price
GUIDEWIRE SOFTWARE, a provider of software solutions for the insurance industry, released their quarterly earnings report for the three months ending July 31, 2023. On Thursday, shares of GUIDEWIRE SOFTWARE opened at $84.8 and closed at $84.8, down 1.0% from the prior closing price of $85.7. The earnings report was generally well-received by investors and analysts, who believe that the company is positioned for continued growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Guidewire Software. More…
| Total Revenues | Net Income | Net Margin |
| 905.34 | -111.86 | -12.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Guidewire Software. More…
| Operations | Investing | Financing |
| 38.4 | 12.71 | -261.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Guidewire Software. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.03k | 828.42 | 14.73 |
Key Ratios Snapshot
Some of the financial key ratios for Guidewire Software are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.8% | -55.3% | -14.1% |
| FCF Margin | ROE | ROA |
| 2.3% | -6.6% | -3.9% |
Analysis
At GoodWhale, we have performed an analysis of GUIDEWIRE SOFTWARE‘s financials. After taking into consideration a variety of factors, we have concluded that GUIDEWIRE SOFTWARE is a medium risk investment in terms of financial and business aspects. We have identified four warning signs that come up in the income sheet, balance sheet, cashflow statement, and financial journal that could indicate a potentially risky investment. To get a more detailed picture of GUIDEWIRE SOFTWARE’s financial standing, please register for free at goodwhale.com. Our in-depth analysis will provide you with an accurate assessment of the risks associated with GUIDEWIRE SOFTWARE. More…
Peers
Its competitors include AppFolio Inc, Freee KK, and Ramco Systems Ltd, all of which are well-known players in the industry. All four companies offer innovative software solutions that enable insurers to provide better services to their customers.
– AppFolio Inc ($NASDAQ:APPF)
AppFolio Inc is a cloud-based software provider that specializes in providing property management and legal software solutions. The company has a market cap of 3.67 billion as of 2022, which is a notable increase since its initial public offering in 2015. Its return on equity (ROE) figure for the same year has been -13.91%, indicating that the company has not been able to generate sufficient returns from its invested capital. AppFolio has nevertheless been able to expand its customer base and increase its revenues, indicating that it has potential to increase its market value significantly in the future.
– Freee KK ($TSE:4478)
Freee KK is a Japanese company that specializes in enterprise software. It offers a range of products and services that help businesses manage their operations more efficiently. Freee KK has a market capitalization of 160.36 billion as of 2022, making it one of the largest companies in Japan. Its Return on Equity (ROE) is -26.99%, indicating that the company is not performing as well as it could be. This suggests that there are several areas in which Freee KK could make improvements and further increase its market value. In order to do so, the company must focus on increasing its operating efficiency and improving its profitability. Additionally, Freee KK must continue to invest in new technologies and innovative products to stay competitive in the market.
– Ramco Systems Ltd ($BSE:532370)
Ramco Systems Ltd. is a global enterprise software provider focused on delivering enterprise solutions that are best-fit for specific industry requirements. The company provides solutions for the Aviation, Logistics, HCM, Manufacturing, Financials, and Asset Management sectors. With a market capitalization of 7.87B as of 2022, Ramco Systems Ltd. is well-positioned within its industry and is an attractive investment opportunity. Additionally, the company’s Return on Equity (ROE) of -17.98% is not ideal but still reflective of the company’s overall financial health.
Summary
GUIDEWIRE SOFTWARE reported strong financial results for FY2023 Q4. Total revenue grew 10.4% year-over-year to USD 270.0 million, while net income surged 139.4% year-over-year to USD 12.2 million. The impressive financial performance indicates strong demand for their products and services, and provides investors with a positive outlook on the company’s growth prospects in the future. Although there may be risks associated with any investment, GUIDEWIRE SOFTWARE appears to be well-positioned to generate long-term value for shareholders.
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