Guidewire reports Q1 adjusted EPS (12c), consensus (39c)

Reports Q1 revenue $195.3M, consensus $191.67M. "We are off to a solid start to the fiscal year with first quarter ARR, revenue, and profitability all exceeding our guidance range, driven by subscription revenue growth and improved subscription and support gross margins," said Mike Rosenbaum, Chief Executive Officer, Guidewire. "We continued to build on the momentum and enthusiasm for our cloud platform with record in-person attendance at our annual customer conference, Connections."