Guidewire Software, Inc. (GWRE) has announced its fourth-quarter profit, reflecting an increase over the same period last year and surpassing Wall Street expectations.The company’s net income for the quarter was $16.76 million, or $0.20 per share, compared to $12.22 million, or $0.15 per share, in the prior year’s fourth quarter.On an adjusted basis, excluding special items, Guidewire Software reported earnings of $54.0 million, or $0.62 per share, for the quarter. This performance exceeded the average analysts’ expectations of $0.54 per share, based on data compiled by Thomson Reuters.Revenue for the quarter increased by 8.0%, reaching $291.52 million, up from $269.96 million in the same quarter last year.Summary of Guidewire Software, Inc.’s fourth-quarter earnings (GAAP):- Net Income: $16.76 million vs. $12.22 million last year.- EPS: $0.20 vs. $0.15 last year.- Revenue: $291.52 million vs. $269.96 million last year.Guidance: For the next quarter, revenue is expected to be between $251 million and $257 million.The material has been provided by InstaForex Company – www.instaforex.com
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