Guidewire Software Q4 revenue up 43% from prior year quarter

Guidewire Software, Inc. (NYSE: GWRE) said its total revenue for the fourth quarter of fiscal 2013 was USD96.9m, an increase of 43% from the comparable period in fiscal 2012.

Total license revenue, including term and perpetual licenses, for the fourth quarter of fiscal 2013 was USD49.1m, an increase of 70% from the comparable period in fiscal 2012. Recurring term license revenue was USD44.9m, a 64% increase from a year ago and revenue from perpetual licenses was USD4.2m compared with USD1.6m a year ago. Maintenance revenue was USD9.9m, up 26% from the comparable period in fiscal 2012, and services revenue was USD38.0m, up 23% from the comparable period in fiscal 2012.

Guidewire Software provides system software to the property and casualty insurance industry primarily in the United States, Canada, and Australia. The company was founded in 2001 and is headquartered in Foster City, California. Its website is at http://www.guidewire.com.

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