Guidewire Software Q3 2014 revenue up 20%

Guidewire Software, Inc. (NYSE: GWRE) reported its total revenue for the third quarter of fiscal 2014 was USD82.0m, an increase of 20 percent from the comparable period in fiscal 2013.

Year to date revenue for fiscal 2014 was USD232.0m, an increase of 14 percent from the comparable period in fiscal 2013.

Total license revenue, including term and perpetual licenses, for the third quarter of fiscal 2014 was USD31.9m, an increase of 39 percent from the comparable period in fiscal 2013.

Term license revenue was USD28.2m, a 58 percent increase from a year ago. Revenue from perpetual licenses was USD3.7m compared with USD5.0m a year ago.

Maintenance revenue was USD10.4m, up 15 percent from the comparable period in fiscal 2013, and services revenue was USD39.7m, up 10 percent from the comparable period in fiscal 2013.

Guidewire builds software products that help property/casualty insurers replace their legacy core systems and transform their businessFor more information, visit www.guidewire.com and on twitter: @Guidewire_PandC.

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