Guidewire announced its financial results for the fiscal quarter ended January 31, 2025, with ARR, revenue, and profitability finishing above the high end of outlook ranges. The company secured 12 cloud deals, with the majority at larger insurers who demand a platform that can handle their complexity and scale.
Total revenue increased by 20% year-over-year to $289.5 million. Subscription and support revenue grew to $177.8 million, up from $131.6 million in Q2 fiscal year 2024. Non-GAAP operating income reached $53.9 million, a significant increase from $25.7 million in Q2 fiscal year 2024.
Guidewire updated its fiscal year 2025 guidance, raising ARR to between $985 million and $995 million, and total revenue to between $1.235 billion and $1.250 billion. Non-GAAP operating income is now projected between $210 million and $220 million, reflecting strong execution and a healthy pipeline.
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