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Guidewire Software Inc   (GWRE)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Guidewire Software Inc 's

Competitiveness


 

GWRE Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Guidewire Software Inc reported Revenue increase in the 4 quarter 2023 by 3.35 % year on year, while most of its competitors have experienced contraction in revenues by -5.29 %, achieved in the same quarter.

List of GWRE Competitors

With a net margin of 4.03 % Guidewire Software Inc achieved higher profitability than its competitors.

More on GWRE Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Guidewire Software Inc achieved net profit of $9.69 millions compared to a net loss of $-9.19 millions recorded in the same quarter a year ago.

<<  GWRE Stock Performance Comparisons


Guidewire Software Inc 's Comment on Competitors and Industry Peers


The software market that caters to the P&C insurance industry is highly competitive and fragmented. Increased spending by carriers on software solutions and the emergence of new platform ambitions that have broadened from core system modernization to new digital engagement and data and analytics solutions, have generated significant interest among investors and entrepreneurs. Increased capital allows market participants to adopt more aggressive go-to-market strategies, improve existing products and introduce new ones, and consolidate with other vendors. This market is also subject to changing technology preferences, shifting customer needs and the introduction of new cloud-delivered models. This creates an environment of increasing competition. Our current and future competitors vary in size and in the breadth and scope of the products and services they offer. Our current competitors include, but are not limited to:

Internally developed software

Many large insurance companies have sufficient IT resources to maintain and augment their own proprietary internal systems, or to consider developing new custom systems;
IT services firms

Firms such as DXC Technology, NTT Data and Tata Consultancy Services Limited offer software and systems or develop custom, proprietary solutions for the P&C insurance industry;
P&C insurance software vendors

Vendors such as 1insurer (formerly Innovation Group), CodeObjects, Duck Creek, eBaoTech Corporation, EIS Group, Fadata AD, FINEOS, Insurity, Inc., Keylane/Quinity, Majesco, One, Inc., OneShield, Inc., Patriot Technology Solutions, Prima Solutions, RGI, Sapiens International Corporation, StoneRiver, Inc., and TIA Technology A/S provide software solutions that are specifically designed to meet the needs of P&C insurers; and
Horizontal software vendors

Vendors such as Pegasystems Inc. and SAP AG offer software that can be customized to address the needs of P&C insurers.
Competitive factors in our industry depend on the product being offered, and the size, geographic market and line of business of potential customers. The principal competitive factors include product functionality, performance, customer references, total cost of ownership, solution completeness, implementation track record, and in-depth knowledge of the P&C insurance industry. We typically compete favorably on the basis of these factors in most geographies.


As we expand our product portfolio, we may begin to compete with software and service providers we have not previously competed against. For example, companies such as Verisk, SAS, IBM and Towers Watson offer data and analytics tools that may, in time, be more competitive with our offerings. Some of these potential competitors may also acquire companies which offer P&C insurance software.






  

Overall company Market Share Q4 2023

Overall company revenue, increased by 3.35 % faster than Guidewire Software Inc 's competitors within this division and its market share improved to approx. 5.22 %.
<<  More on GWRE Market Share.
 
*Market share is calculated based on total revenue.

  News about Guidewire Software Inc Contracts

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

If Skadeförsäkring Selects Guidewire Cloud to Streamline Operations, Enhance Business Flexibility, and Drive Transformation in Property and Casualty Insurance
Solna, Sweden and 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 industry, today announced that If has chosen Guidewire InsuranceSuite on Guidewire Cloud to propel its core systems, streamline business and IT processes, adapt to changing market demands, and deliver greater value to its partners and customers.
The decision to adopt Guidewire InsuranceSuite on Guidewire Cloud marks a significant step...

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

If Skadeförsäkring Adopts Guidewire Cloud to Streamline Operations and Drive Insurance Changes
SOLNA, Sweden and 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 If by rationalizing its core systems, streamlining business and IT processes, adapting to evolving market needs, and providing greater value to its partners and customers.
By adopting Guidewire InsuranceSuite, If Skadeförsäkring aims to enhance its operational efficiency and flexibility in the increasingly competitive insurance ind...

If Skadefrskring Chooses Guidewire Cloud to Revolutionize P&C Insurance Operations and Drive Industry Transformation



In a significant move aimed at streamlining operations, enhancing business agility, and shaking up the property and casualty (PandC) insurance industry, If Skadefrskring (If), the leading Nordic insurer, has partnered with Guidewire to implement its cutting-edge InsuranceSuite on Guidewire Cloud. This collaboration marks a significant milestone for If, as it seeks to rationalize business and IT processes, adapt to changing market demands, and provide enhanced value to its partners and customers.
Guidewire Software Inc's Strong Performance:
Comparing the current results to its competitors, Guidewire Software Inc has displayed commendable performance. In the second quarter of 2023, the compa...





Who are Guidewire Software Inc 's Competitors?




Adtran Holdings Inc
Share Performance



-66.84%
One Year



Adtran Holdings Inc
Profile

Adtran Holdings Inc is a telecommunications equipment supplier and software development company.

More about Adtran Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 407.623 mill. $ 954.032 mill. $ -117.362 mill.


Audiocodes ltd
Share Performance



-8.12%
One Year



Audiocodes ltd
Profile

Audiocodes Ltd operates within the telecommunications industry, specializing in the development and manufacturing of voice over IP (VoIP) products and solutions. The company mainly generates revenue by selling its hardware, software, and services to customers worldwide. They employ a business model that combines innovative technology, extensive market reach, and comprehensive customer support to provide cutting-edge communication solutions to enterprises and service providers.

More about Audiocodes ltd's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 418.102 mill. $ 244.383 mill. $ 8.780 mill.


Duck Creek Technologies Inc
Share Performance



+52.90%
This Year



Duck Creek Technologies Inc
Profile

is the leading cloud-based SaaS provider of core systems for the global property and casualty (P&C) and general insurance industry

More about Duck Creek Technologies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,520.900 mill. $ 310.082 mill. $ -14.185 mill.


Dxc Technology Company
Share Performance



-6.14%
This Quarter



Dxc Technology Company
Profile

DXC Technology is a global IT services and solutions company that primarily operates on a business-to-business model. Their business model focuses on offering a wide range of technology-driven services, including consulting, applications, cloud, workplace, security, and digital solutions, to support their clients' digital transformation journeys. DXC Technology aims to help businesses leverage technology advancements and improve their overall operational efficiency and competitiveness. Overall, DXC Technology's business model revolves around providing comprehensive IT services to businesses and helping them navigate the complexities of the digital age.

More about Dxc Technology Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,975.111 mill. $ 13,872.000 mill. $ -477.000 mill.


Rackspace Technology Inc
Share Performance



-21.69%
This Year



Rackspace Technology Inc
Profile

is a leading end-to-end multicloud technology services company

More about Rackspace Technology Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 318.752 mill. $ 2,956.800 mill. $ -837.800 mill.


Sapiens International Corp N V
Share Performance



-0.71%
30 Days



Sapiens International Corp N V
Profile

Sapiens International Corp N.V. operates as a provider of software solutions for the insurance industry. Their business model revolves around developing and selling innovative software products that cater to the specific needs of insurance companies. By offering solutions like policy administration, claims management, and underwriting, they enable their clients to streamline their operations, enhance efficiency, and provide better services to their customers.

More about Sapiens International Corp N V's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,702.971 mill. $ 474.736 mill. $ 52.931 mill.



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