Guidewire reports Q2 adjusted EPS (21c), consensus (3c)

Reports Q2 revenue $232.6M, consensus $223.21M. "We are thrilled with our second quarter results. We closed eight cloud transactions and improved operating efficiency, resulting in strong top-line growth and improved subscription and support gross margins," said Mike Rosenbaum, Chief Executive Officer, Guidewire. "Continued progress on our cloud platform enabled us to exceed the top end of our guidance range for revenue, ARR, and profitability."