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Guidewire Software issues outlook for fiscal Q1'19, FY'19

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Guidewire Software issues outlook for fiscal Q1'19, FY'19

Guidewire Software Inc. issued outlook for the first fiscal quarter of 2019 and for fiscal year 2019.

For its first fiscal quarter of 2019, the company expects revenue of between $159.0 million and $163.0 million. The company projects GAAP operating loss of between $17.0 million and $13.0 million and non-GAAP operating income of between $14.5 million and $18.5 million.

Guidewire expects GAAP net loss of between $12.6 million and $9.5 million, or a loss of between 16 cents per share and 12 cents per share, for the first fiscal quarter of 2019. It anticipates non-GAAP net income of between $14.5 million and $17.6 million, or between 18 cents per share and 22 cents per share, for the quarter.

For the full fiscal year 2019, the company expects revenue of between $740.5 million and $752.5 million. Guidewire projects GAAP operating loss of between $27.8 million and $15.8 million. It expects non-GAAP operating income of $104.5 million to $116.5 million.

The company projects GAAP net loss of between $19.5 million and $10.1 million, or 24 cents per share to 13 cents per share, for the full fiscal year 2019. It expects non-GAAP net income of $94.8 million to $104.3 million, or $1.15 per share to $1.26 per share.

Guidewire reported fiscal fourth-quarter 2018 GAAP net income of $83.4 million, or $1.02 per share, compared with GAAP net income of $26.9 million, or 36 cents per share, in the prior-year fiscal quarter. Fiscal fourth-quarter non-GAAP net income was $66.3 million, or 81 cents per share, compared with non-GAAP net income of $44.8 million, or 59 cents per share, in the year-ago fiscal quarter.

The S&P Capital IQ consensus normalized EPS estimate for the fiscal fourth quarter was 75 cents.

For fiscal year 2018, Guidewire reported a GAAP net loss of $19.7 million, or a loss of 25 cents per share, compared with GAAP net income of $21.2 million, or 28 cents per share, in the previous year. Non-GAAP net income for the fiscal year was $90.9 million, or $1.14 per share, compared with non-GAAP net income of $78.8 million, or $1.05 per share, for fiscal year 2017.

The S&P Capital IQ consensus normalized EPS estimate for fiscal year 2018 was $1.08.