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Guidewire Software Inc   (GWRE)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $121.1000 $0.82 0.682%
Day's High: $121.68 Week Perf: 2.71 %
Day's Low: $ 120.33 30 Day Perf: 7.58 %
Volume (M): 533 52 Wk High: $ 121.68
Volume (M$): $ 64,534 52 Wk Avg: $88.54
Open: $120.35 52 Wk Low: $68.45



 Market Capitalization (Millions $) 9,893
 Shares Outstanding (Millions) 82
 Employees 1,893
 Revenues (TTM) (Millions $) 917
 Net Income (TTM) (Millions $) -70
 Cash Flow (TTM) (Millions $) 33
 Capital Exp. (TTM) (Millions $) 18

Guidewire Software Inc

Guidewire Software, Inc. is a provider of software products and subscription services for the global property and casualty (“P&C”) industry. Our software serves as a technology platform for P&C insurance primary carriers. Guidewire InsurancePlatformTM consists of applications to support core operations, data management and analytics, and digital engagement and is connected to numerous data sources and third party applications. Our applications are designed to work together to strengthen our customers’ ability to adapt and succeed. Guidewire InsuranceSuite™ and Guidewire InsuranceNowTM provide core transactional systems of record that support the entire insurance lifecycle, including product definition, distribution, underwriting, policy holder services and claims management. Guidewire InsuranceSuite is a highly-configurable and scalable system comprised primarily of three applications (ClaimCenter, PolicyCenter and BillingCenter) that can be licensed separately or together and can be deployed on-premise or in the cloud. Guidewire InsuranceNow is a cloud-based system that offers policy, billing, and claims management functionality to insurers that prefer an all-in-one solution. Our data and analytics applications enable insurers to manage data more effectively and gain insights into their business. Our digital engagement applications enable digital sales, omni-channel service and enhanced claims experiences for policyholders, agents, vendor partners and field personnel. The applications and services of Guidewire InsurancePlatform can be deployed on-premise, in the cloud or in a hybrid mode. To support P&C insurers globally, we have and will continue to localize our software for use in a variety of international regulatory, language and currency environments.

Our customers range from some of the largest global insurance carriers or their subsidiaries, such as Aviva, AXA and Zurich to predominantly national carriers such as Basler Versicherung (Switzerland), Direct Line Group (U.K.), Farmers Insurance (U.S.), IAG (Australia), MS&AD (Japan), Nationwide (U.S.), PZU (Poland) and San Cristobal Seguros S.A. (Argentina) and carriers that serve specific states and/or regions such as Automobile Club of Southern California (California), Canadian Automobile Association Insurance Company (Ontario), Kentucky Farm Bureau (Kentucky), and Vermont Mutual Insurance Group (Vermont).
We began our principal business operations in 2001. To date, we have generated a substantial majority of our software license revenues through annual or quarterly license fees that recur during the term of a customer’s contract and any subsequent renewal periods. We also generate perpetual license revenues and subscription revenues. We anticipate that subscription revenue will increase as a percentage of total revenue as we develop and bring to market more cloud-based solutions to meet increasing industry demand. Thus far, more than 100 customers have subscribed to or licensed one or more applications that are cloud-delivered by us or our partners. Services revenues are primarily derived from implementation and training services performed for our customers. Substantially all of our services revenues are currently billed on a time and materials basis.

The P&C insurance industry is large, fragmented, highly regulated and complex. It is also highly competitive, with carriers competing primarily on the following factors: product differentiation, pricing options, customer service, marketing and advertising, affiliate programs and channel strategies.
P&C insurers continue to actively modernize the transactional systems that support the key functional areas of P&C insurance: product definition, underwriting and policy administration, claims management and billing. Product definition specifies the insurance coverage, pricing, financial and legal terms of insurance policies. Underwriting and policy administration includes collecting information from potential policyholders, determining appropriate coverages and terms, pricing policies, issuing policies and updating and maintaining policies over their lifetimes. Claims management includes loss intake, investigation and evaluation of incidents, settlement negotiation, vendor management, litigation management and payment processing. Billing includes policyholder invoicing, payment collection, agent commission calculation and disbursement. We believe that insurers that adopt modern infrastructures can enhance customer experience, operate more efficiently and introduce innovative products more rapidly.

We provide implementation and integration services to help our customers realize the benefits of our software products and subscription services. Our implementation teams assist customers in building implementation plans, integrating our software with their existing systems and defining business rules and specific requirements unique to each customer and installation. We also partner with leading system integration consulting firms, certified on our software, to achieve scalable, cost-effective implementations for our customers.



   Company Address: 970 Park Pl, Suite 200 San Mateo, 94403 CA
   Company Phone Number: 357-9100   Stock Exchange / Ticker: NYSE GWRE
   GWRE is expected to report next financial results on March 05, 2024.


Customers Net Income fell by GWRE's Customers Net Profit Margin fell to

-99.8 %

0.01 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ADTN   -0.79%    
DXC        3.6% 
RXT        7.22% 
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Product Service News

Guidewire Software Faces Revenue Volatility as Corporate Customers Experience Mixed Performance

Published Thu, Dec 21 2023 1:55 PM UTC

Guidewire Software, a leading provider of software solutions for the insurance industry, recently announced the award of 13 specializations to 10 consulting partners in its PartnerConnect program. This move further strengthens Guidewire's position in the market and highlights its commitment to providing tailored solutions to its clients.However, the company's financial perfo...

Guidewire Software Inc

Surprising Surge in Revenue Propels Guidewire Software Inc. to New Heights in Recent Fiscal Period

Guidewire Software Inc, the leading software provider for the insurance industry, has recently released its financial results for the first quarter of fiscal year 2024, and the numbers are impressive. Despite challenges faced by the company in the past, its latest earnings report showcases a significant improvement.
One of the key highlights of Guidewire's performance is in the Guidewire Cloud Platform. The platform witnessed the closure of seven cloud deals, demonstrating the company's ongoing momentum in this area. This success can be attributed to the increasing demand for cloud-based solutions in the insurance industry. Customers are recognizing the benefits and value that Guidewire's cloud offerings bring to their operations.

Business Update

Guidewire's Cloud Platform Propels Fiscal Year 2024's Strong Q1 Results

Published Thu, Dec 7 2023 9:15 PM UTC



Guidewire, the California-based software provider for the insurance industry, has recently released its financial results for the first quarter of fiscal year 2024. The company achieved impressive success, particularly in the Guidewire Cloud Platform, which witnessed the closure of seven cloud deals. Mike Rosenbaum, chief executive officer of Guidewire, expressed h...

Product Service News

If Skadeförsäkring Partners with Guidewire to Revolutionize Insurance Operations and Deliver Unparalleled Value to Customers

Published Sat, Nov 25 2023 2:37 AM UTC

If Skadeförsäkring Selects Guidewire Cloud to Streamline Operations, Enhance Business Flexibility, and Drive Transformation in Property and Casualty Insurance
Solna, Sweden & Dublin - Leading property and casualty insurer in the Nordic region, If Skadeförsäkring (If), and Guidewire Software, Inc. (NYSE: GWRE), a trusted provider of software solutions for the insurance in...

Product Service News

If Skadeförsäkring Partners with Guidewire to Revolutionize Insurance Operations and Drive Unprecedented Change

Published Thu, Nov 23 2023 11:09 PM UTC

If Skadeförsäkring Adopts Guidewire Cloud to Streamline Operations and Drive Insurance Changes
SOLNA, Sweden & DUBLIN - If Skadeförsäkring (If), the leading property and casualty insurance company in the Nordic region, has announced its partnership with Guidewire (NYSE: GWRE) and its selection of Guidewire InsuranceSuite, within Guidewire Cloud. This move aims to empower...






 

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