Guidewire Reports Q4 Earnings Beat
Guidewire Software (NYSE: GWRE) shares jumped in the extended session after the company beat fiscal fourth-quarter expectations by a significant margin.
The Foster City, California, company that provides property and casualty insurance software posted net income of $19.8 million or $0.28 a share, compared with year-earlier income of $13.8 million or $0.22 a share.
Adjusted income rose to $0.37 a share from $0.27 last year, while revenue grew 22 percent to $118.2 million, from $97 million a year earlier.
Analysts expected $0.28 a share on revenue of $112.7 million.
About 58 percent of 2014 revenue was generated within the United States, little changed from a year earlier.
Guidewire rose 12 percent after hours, but changed hands recently at $42.61, down 7.01 percent.
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