Guidewire Software, Inc. (NYSE:GWRE) shares are trading higher after the company reported fourth-quarter results on Thursday.
Total revenue rose 8% Y/Y to $291.5 million, beating the consensus of $283.9 million. Subscription and support revenue increased by 29% Y/Y to $151.8 million, while license revenue decreased by 12% Y/Y to $88.9 million. Also, Services revenue fell by 2% to $50.8 million in the quarter.
As of July-end, annual recurring revenue (ARR) was $872 million, up from $763 million on July 31, 2023.
Adjusted income from operations increased to $49.0 million from $44.7 million a ...
