Last $48.00 USD
Change Today +0.45 / 0.95%
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guidewire software inc (GWRE) Key Developments

Erie Insurance Selects Guidewire System for Claims Management

Guidewire Software, Inc. announced that Erie Insurance has selected Guidewire ClaimCenter(R) as its claims management system.

The Motorists Insurance Group Selects Guidewire Software, Inc. to Modernize Technology Platform

Guidewire Software, Inc. announced that The Motorists Insurance Group, has selected Guidewire InsuranceSuite as its new platform for underwriting, claims management, billing, and rating and policy administration. PwC US, a Guidewire PartnerConnect alliance member, will team with Motorists in implementing the Guidewire solution. Motorists sought a pre-integrated suite of products that would provide the flexibility it needed for product innovation and the functionality required to provide customized service and quality insurance solutions. By selecting InsuranceSuite, the company will streamline and improve business processes and system infrastructure, increase operational efficiencies and, more importantly, enable the innovation necessary to transform the organization. A successful transition to a modern technology platform and data architecture will allow Motorists to: Improve service levels for agents and policyholders through automation, accessibility and self-service capabilities; Improve product and pricing flexibility along with speed to market; Promote consistent business practices and support a single, unified data model across all companies in the group; and Enhance operational efficiencies by standardizing policy administration, billing management and claims handling processes.

L'olivier Assurances Selects Guidewire Software, Inc.'s Products for Underwriting, Policy Administration, Claims Management, and Billing

Guidewire Software, Inc. announced that L'olivier Assurances has selected Guidewire InsuranceSuite(TM) as its new platform for underwriting, policy administration, claims management, billing, rating, and client data management. L'olivier Assurances has selected InsuranceSuite as the technology platform on which to grow its business. The company sought a stable foundation that would help it deliver superior customer service by enabling them to apply their market expertise for their customers. L'olivier Assurances will be deploying Guidewire PolicyCenter(R), BillingCenter, and ClaimCenter concurrently. L'olivier Assurances will be leading the implementation and Guidewire PartnerConnect(TM) alliance member, Capgemini, and Guidewire will be supporting the project. InsuranceSuite will enable L'olivier Assurances to: Deliver better customer service due to the ability to handle requests and closing claims files more quickly; Increase flexibility for new billing and payment plans; Enhance operational efficiency by standardizing policy administration, billing management and claims handling processes on a common platform; and Gain real-time visibility into core operations and information to make better business decisions. Guidewire InsuranceSuite powers the mission-critical operations of property/casualty insurers competing in today's market. The suite was designed using a modular approach, enabling insurers to select individual applications -- Guidewire PolicyCenter(R), Guidewire BillingCenter(R) and Guidewire ClaimCenter(R) -- or a pre-integrated set, driven by their requirements and priorities. InsuranceSuite provides the flexibility insurers need to deliver insurance the way they want to, by rapidly delivering better products and service to their policyholders and agents, while improving underwriting discipline and lowering operational costs.

Guidewire Software, Inc. - Analyst/Investor Day

Guidewire Software, Inc. - Analyst/Investor Day

Guidewire Software, Inc. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended July 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year Fiscal 2015

Guidewire Software, Inc. reported un-audited consolidated earnings results for the fourth quarter and year ended July 31, 2014. For the quarter, the company reported total revenue of $118.2 million, an increase of 22% from the comparable period of $96.9 million in fiscal 2013. GAAP operating income was $26.4 million compared to $19.1 million in the comparable period in fiscal 2013. Non-GAAP operating income was $37.6 million compared to $26.5 million in the comparable period in fiscal 2013. GAAP net income was $19.8 million compared to $13.8 million for the comparable period in fiscal 2013. GAAP diluted net income per share was $0.28 compared to $0.22 for the comparable period in fiscal 2013. Non-GAAP net income was $26.4 million for the fourth quarter of fiscal 2014, compared to $16.6 million in the comparable period in fiscal 2013. Non-GAAP net income per diluted share was $0.37 compared to $0.27 for the last year. Income before provision for income taxes was $26.9 million compared to $19.2 million, net cash provided by operating activities was $49.4 million compared to $24.4 million and purchase of property and equipment was $1.3 million compared to $2.2 million for the last year. For the year, the company reported total revenue of $350.2 million, an increase of 17% from $300.6 million in fiscal 2013. GAAP operating income was $18.4 million for fiscal year 2014, compared to $29.7 million in fiscal year 2013. Non-GAAP operating income was $62.4 million for fiscal year 2014, compared to $55.6 million in fiscal year 2013. GAAP net income was $14.7 million for fiscal year 2014, compared to $24.7 million in fiscal year 2013. GAAP net income per diluted share was $0.21 compared to $0.40 in fiscal year 2013. Non-GAAP net income was $43.5 million for fiscal year 2014, compared to $38.5 million in fiscal year 2013. Non-GAAP net income per diluted share was $0.63 compared to $0.62 for fiscal year 2013. Income before provision for income taxes was $19.9 million compared to $30.1 million, net cash provided by operating activities was $75.5 million compared to $32.5 million and purchase of property and equipment was $5.0 million compared to $9.2 million for the last year. For the fiscal 2015, the company expects revenue to be in the range of $364.2 million to $381.9 million, representing an increase of 7% over fiscal 2014 at the midpoint, full year non-GAAP operating income in the range of $39.2 million to $50.4 million, which would produce a non-GAAP operating margin of 12% at the midpoint of the company revenue and operating income outlook and would represent an improvement from the original fiscal 2014 expectations, but be lower the company actual 2014 results, non-GAAP net income in the range of $25.5 million to $32.7 million, or $0.35 to $0.45 per share, based on an estimated dilution average basic share count of 72.3 million shares. The company expects an effective non-GAAP tax rate of 35% for the full year, operating loss of between $16.3 million and $5.1 million, and a net loss of $10.9 million to $3.4 million, or an EPS loss of $0.16 to $0.05, depending on -- based on an estimated weighted average basic share count of 70.5 million shares. The company expects an effective GAAP tax rate of approximately 33% for the full year. For the first quarter of fiscal 2015, the company expects total revenue to be in the range of $71.5 million to $78.5 million, an increase of 13% from the year-ago period at the midpoint, non-GAAP operating income to be between $1 million and $5 million, and non-GAAP net income of between $0.7 million and $3.3 million, or $0.01 to $0.05 per share, based on an estimated diluted weighted average basic share count of 71.7 million shares, GAAP operating loss between $12 million and $8 million, GAAP net loss between $8 million to $5.3 million, or an EPS loss of $0.12 to $0.08 per share, based on an estimated weighted average basic share count of 69.4 million shares, effective non-GAAP tax rate of approximately 35% and a GAAP tax rate of approximately 33% in the first quarter.

 

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