Guidewire Software posted its adjusted earnings of $0.03 per share for the quarter ended July 2022, crushing the Zacks Consensus Estimate of a loss of -$0.04 per share. It is, however, lower than the year-ago quarter’s $0.37 per share a year ago..
Revenues rose +7% from the year-ago quarter to $244.6 million, also surpassing the Zacks Consensus Estimate by 6.58%.
Subscription and support revenue grew +34% year-over-year to $93.6 million, while services revenue rose +13% to $56.2 million. License revenue were down -14% to $94.8 million.