Guidewire says Q4 sales strength on track for $1B ARR

CFO Jeffrey Cooper states: “Finally, let me make a comment about our FY25 targets that we have been tracking for some time now. We will address this in more detail at our Analyst Day, but I wanted to make a comment quickly here. As Mike noted, we remain focused on achieving our target of $1 billion in ARR and the strength of Q4 sales activity demonstrates the path to achieving that goal. Total revenue is also tracking to our prior range. On the margin side, we’re progressing a bit ahead of plan that we discussed at the last Analyst Day and our expectations for subscription and support gross margin, total gross margins, operating margins and cash flow from operations margins for fiscal 2025 and are now expected to finish closer to the high end of previously discussed ranges. We are thrilled with the progress we made in FY ’23 to allow us to deliver increasing confidence towards our long-term targets.” Comments taken from Q4 earnings conference call.