December 22, 2014 10:59 AM ET

Software

Company Overview of Guidewire Software, Inc.

Company Overview

Guidewire Software, Inc. provides software products for property and casualty (P&C) insurers. It offers an integrated suite of software applications that address the core processes, such as underwriting and policy administration, claims management, and billing. These products include Guidewire InsuranceSuite comprising Guidewire PolicyCenter, an underwriting and policy administration application; Guidewire ClaimCenter, a claims management application; and Guidewire BillingCenter, a comprehensive billing and receivables application. Its InsuranceSuite add-on modules consist of Guidewire Rating Management to manage the pricing of insurance products; Guidewire Reinsurance Management to use rule...

1001 East Hillsdale Boulevard

Suite 800

Foster City, CA 94404

United States

Founded in 2001

1,183 Employees

Phone:

650-357-9100

Fax:

650-357-9101

Key Executives for Guidewire Software, Inc.

Co-Founder
Age: 40
Total Annual Compensation: $387.5K
Chief Financial Officer
Age: 58
Total Annual Compensation: $284.7K
Senior Vice President of Programs
Age: 59
Total Annual Compensation: $218.8K
Chief Customer Officer
Age: 50
Total Annual Compensation: $130.8K
Chief Administrative Officer
Age: 47
Total Annual Compensation: $243.4K
Compensation as of Fiscal Year 2014.

Guidewire Software, Inc. Key Developments

Capital Insurance Group Selects Guidewire System for Underwriting and Policy Administration

Capital Insurance Group and Guidewire Software, Inc. announced that CIG has selected Guidewire PolicyCenter® as its new underwriting and policy administration solution. CIG has also selected Guidewire Rating Management™ and Guidewire Client Data Management™. PolicyCenter will enable CIG Insurance to: Enhance business agility by enabling product changes to be made more quickly and easily without the delays of custom IT coding; Leverage automated underwriting rules and real-time functionality to eliminate manual processes; and Standardize policy administration on a single, consistent platform for agents and policyholders.

Germania Insurance Selects Guidewire InsuranceSuite as its New Platform

Germania Insurance and Guidewire Software, Inc. announced that Germania Insurance has selected Guidewire InsuranceSuite as its new platform for the management of underwriting, policy administration, claims, billing, rating, client data, and reinsurance. The company has also selected Guidewire InfoCenter and DataHub as its data management and business intelligence solutions. Germania selected InsuranceSuite as part of an organization-wide transformation initiative to support the company’s vision. Updating its existing systems will help Germania sharpen its competitive edge and provide a better overall experience for agents, employees, and policyholders. Germania will be deploying InsuranceSuite in three phases. Guidewire ClaimCenter and InfoCenter represent the first phase of implementation. BillingCenter and PolicyCenter will be deployed next, and Germania’s Commercial General Liability and Business Auto Lines will conclude the implementation. InsuranceSuite will enable Germania Insurance to: enhance the experience of its customers; increase speed-to-market of new product development and offerings; and reduce technology risks and associated costs.

Guidewire Software, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended October 31, 2014; Provides Earnings Guidance for the Second Quarter and Full Year Fiscal 2015

Guidewire Software, Inc. reported unaudited consolidated earnings results for the first quarter ended October 31, 2014. For the quarter, the company reported total revenues of $79,734,000 against $66,529,000 a year ago. Loss from operations was $3,638,000 against $12,627,000 a year ago. Loss before provision for income taxes was $3,609,000 against $12,354,000 a year ago. Net loss was $2,997,000 against $6,455,000 a year ago. Basic and diluted loss per share was $0.04 against $0.11 per share a year ago. Net cash used in operating activities was $5,548,000 against $14,583,000 a year ago. Purchase of property and equipment was $1,249,000 against $1,206,000 a year ago. Non-GAAP net income from operations was $8,710,000 against non-GAAP net loss from operations of $3,081,000 a year ago. Non-GAAP net income was $5,665,000 against non-GAAP net loss of $1,955,000 a year ago. Non-GAAP earnings per diluted share was $0.08 against non-GAAP loss per diluted share of $0.03 a year ago. For the second quarter of fiscal 2015, the company expects revenues in the range of $81.6 to $88.6 million, GAAP operating loss in the range of $4.3 to $1.3 million, non-GAAP operating income in the range of $10 to $13 million, GAAP net loss in the range to $3.7 to $1.1 million, GAAP net loss per share in the range to $0.05 to $0.02, non-GAAP net income in the range to $6.5 to $8.5 million and non-GAAP net income per share in the range to $0.09 to $0.12 per share. Effective non-GAAP tax rate is expected to be approximately 35% and GAAP tax rate is expected to be approximately 15%. For the fiscal year 2015, the company expects revenues in the range of $366.7 to $382.4 million, GAAP operating loss in the range of $7.9 to GAAP operating profit of $0.1 million, non-GAAP operating income in the range of $47.5 to $55.5 million, GAAP net loss in the range to $6.7 to GAAP net income of $0.1 million, GAAP net loss per share in the range to $0.10, non-GAAP net income in the range to $30.9 to $36.1 million and non-GAAP net income per share in the range to $0.43 to $0.50 per share. Effective non-GAAP tax rate is expected to be approximately 35% and GAAP tax rate is expected to be approximately 15%.

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