Guidewire Software, Inc. GWRE Income Statement

Guidewire software, inc. (GWRE)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Apr'11	Jan'11
Revenue:
Total revenue
173,458	157,010	207,858	162,867	168,534	180,255	238,741	142,149	163,788	108,171	176,349	123,436	115,621	94,127	141,177	98,860	102,129	82,280	125,917	85,440	89,446	79,734	118,207	82,035	83,475	66,529	96,910	68,250	72,188	63,301	67,589	56,995	55,097	52,380	44,458	42,337
Cost of revenue:
Total cost of revenue
83,596	80,856	82,784	80,278	79,680	81,608	90,439	75,681	67,769	62,894	57,261	51,468	40,811	42,019	42,756	39,007	34,901	35,170	39,429	37,904	34,080	35,771	38,648	36,275	36,167	37,857	30,714	35,992	31,388	27,557	25,801	23,973	20,741	19,490	17,874	16,421
Gross profit:
License and subscription
77,922	58,627	106,763	60,437	71,974	81,350	132,346	42,650	75,181	23,378	98,317	53,763	61,294	36,291	85,933	43,659	51,799	31,176	72,201	32,118	42,510	27,738	64,755	31,078	33,622	18,024	48,594	22,779	30,622	20,645	28,851	21,512	25,495	20,516	17,628	19,869
Maintenance
17,032	17,277	17,069	17,411	17,310	17,135	16,653	14,921	15,517	15,463	15,158	13,378	13,503	13,207	13,584	11,642	11,620	11,538	10,897	9,884	9,892	10,278	9,618	8,307	7,988	7,857	8,085	7,031	7,423	7,806	6,438	6,459	5,608	5,840	4,650	4,196
Services
-5,092	250	1,242	4,741	-430	162	-697	8,897	5,321	6,436	5,613	4,827	13	2,610	-1,096	4,552	3,809	4,396	3,390	5,534	2,964	5,947	5,186	6,375	5,698	2,791	9,517	2,448	2,755	7,293	6,499	5,051	3,253	6,534	4,306	1,851
Total gross profit
89,862	76,154	125,074	82,589	88,854	98,647	148,302	66,468	96,019	45,277	119,088	71,968	74,810	52,108	98,421	59,853	67,228	47,110	86,488	47,536	55,366	43,963	79,559	45,760	47,308	28,672	66,196	32,258	40,800	35,744	41,788	33,022	34,356	32,890	26,584	25,916
Operating expenses:
Research and development
49,954	46,496	49,472	47,102	46,471	45,496	45,502	46,787	43,657	35,711	35,458	34,090	30,025	30,750	32,142	29,273	25,409	25,672	26,273	24,575	22,282	20,310	21,365	19,761	17,525	17,527	15,488	16,854	15,885	14,764	12,949	12,986	12,162	10,959	8,973	8,212
Sales and marketing
37,339	33,016	33,958	33,301	31,173	32,319	38,168	30,378	31,961	23,610	31,431	28,788	23,520	25,500	27,905	22,908	22,661	19,291	25,517	18,801	20,176	17,529	21,609	16,735	17,278	15,673	14,268	11,915	12,389	12,376	11,813	8,409	9,198	7,361	6,713	7,056
General and administrative
20,599	21,239	20,562	17,953	17,541	18,345	18,009	18,170	21,066	18,671	15,902	13,429	13,060	14,160	14,899	13,449	11,456	11,110	11,202	10,860	9,573	9,762	10,164	9,117	8,024	8,099	7,358	7,851	7,445	8,666	6,423	6,785	7,639	6,438	6,237	5,204
Total operating expenses
107,892	100,751	103,992	98,356	95,185	96,160	101,679	95,335	96,684	77,992	82,791	76,307	66,605	70,410	74,946	65,630	59,526	56,073	62,992	54,236	52,031	47,601	53,138	45,613	42,827	41,299	37,114	36,620	35,719	35,806	31,185	28,180	28,999	24,758	21,923	20,472
Income (loss) from operations
-18,030	-24,597	21,082	-15,767	-6,331	2,487	46,623	-28,867	-665	-32,715	36,297	-4,339	8,205	-18,302	23,475	-5,777	7,702	-8,963	23,496	-6,700	3,335	-3,638	26,421	147	4,481	-12,627	29,082	-4,362	5,081	-62	10,603	4,842	5,357	8,132	4,661	5,444
Interest income
6,958	7,636	8,030	7,748	7,553	6,851	6,034	3,762	1,573	1,912	1,581	1,400	1,544	1,342	1,185	2,211	758	696	602	636	495	512	431	415	346	158	139	137	132	90	88	107	73	40	-12	75
Interest expense
4,462	4,429	4,476	4,327	4,287	4,244	4,203	2,228	7	4	-	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
-182	-251	-909	-617	1,148	-1,489	-531	-356	1,658	-262	1,146	11	335	-681	-344	804	-1,182	217	-731	77	-861	-483	2	115	-58	115	-10	-268	23	141	-255	164	-319	-316	1,037	-9
Income (loss) before provision for income taxes
-15,716	-21,641	23,727	-12,963	-1,917	3,605	47,923	-27,689	2,559	-31,069	39,017	-2,934	10,084	-17,641	24,316	-2,762	7,278	-8,050	23,367	-5,987	2,969	-3,609	26,854	677	4,769	-12,354	29,211	-4,493	5,236	169	10,436	5,113	5,111	7,856	5,686	5,510
Provision for (benefit from) income taxes
4,200	-6,700	720	-4,400	-1,900	-2,700	-10,992	3,500	48,114	-22,155	15,242	-1,115	6,110	-9,783	8,219	-2,358	6,365	-6,420	11,474	-3,000	-1,007	-612	7,097	2,590	1,437	-5,899	7,831	-1,823	-265	-278	3,424	1,964	1,420	3,044	-23,714	74
Net income (loss)
-19,944	-14,991	23,005	-8,581	-1	6,309	58,876	-31,150	-45,555	-8,914	23,775	-1,819	3,974	-7,858	16,097	-404	913	-1,630	11,893	-2,987	3,976	-2,997	19,757	-1,913	3,332	-6,455	21,380	-2,670	5,501	447	7,012	3,149	3,691	4,812	29,400	5,436
Earnings (loss) per share:
Basic (in dollars per share)
-0.24	-0.18	0.28	-0.11	0.00	0.08	0.77	-0.40	-0.59	-0.12	0.32	-0.02	0.05	-0.11	0.23	-0.01	0.01	-0.02	0.16	-0.04	0.06	-0.04	0.31	-0.03	0.05	-0.11	0.38	-0.05	0.10	0.01	0.13	0.06	0.07	0.10	0.73	0.12
Diluted (in dollars per share)
-0.24	-0.18	0.28	-0.11	0.00	0.08	0.77	-0.40	-0.59	-0.12	0.32	-0.02	0.05	-0.11	0.22	-0.01	0.01	-0.02	0.16	-0.04	0.06	-0.04	0.30	-0.03	0.05	-0.11	0.35	-0.05	0.09	0.01	0.12	0.05	0.06	0.09	0.66	0.11
Shares used in computing earnings (loss) per share:
Basic (in shares)
82,725	82,360	82,147	81,606	81,217	80,821	80,014	78,777	76,859	75,187	74,770	74,175	73,738	73,293	72,786	72,297	71,779	71,242	70,754	70,348	69,883	69,316	68,723	68,261	67,360	58,649	57,623	57,017	55,868	54,814	53,592	52,519	18,433	14,554	14,116	14,048
Diluted (in shares)
82,725	82,360	85,691	81,606	81,217	82,209	80,014	78,777	76,859	75,187	79,051	74,175	74,793	73,293	78,120	72,297	73,402	71,242	77,535	70,348	72,056	69,316	78,635	68,261	70,904	58,649	66,367	57,017	61,706	61,185	60,146	60,127	25,610	21,153	18,234	16,357
Foreign currency translation adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-181	-9	-	-
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Total comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,510	4,803	-	-
License and subscription
Total revenue
104,954	82,423	127,711	76,218	86,713	94,680	142,301	52,392	84,221	30,093	104,944	58,971	64,075	38,721	88,239	45,796	53,376	32,340	73,395	33,302	43,655	28,820	65,909	31,927	35,215	18,870	49,078	22,918	30,752	20,812	28,930	21,662	25,729	20,815	17,737	20,000
Total cost of revenue
27,032	23,796	20,948	15,781	14,739	13,330	9,955	9,742	9,040	6,715	6,627	5,208	2,781	2,430	2,306	2,137	1,577	1,164	1,194	1,184	1,145	1,082	1,154	849	1,593	846	484	139	130	167	79	150	234	299	109	131
Maintenance
Total revenue
21,116	20,971	21,822	21,335	21,264	21,003	20,548	18,749	19,110	18,930	18,671	16,858	16,582	16,532	16,986	14,676	14,256	14,013	13,158	12,183	12,163	12,520	11,919	10,440	9,890	9,639	9,871	9,110	9,210	9,370	7,858	7,769	6,805	7,106	5,600	5,210
Total cost of revenue
4,084	3,694	4,753	3,924	3,954	3,868	3,895	3,828	3,593	3,467	3,513	3,480	3,079	3,325	3,402	3,034	2,636	2,475	2,261	2,299	2,271	2,242	2,301	2,133	1,902	1,782	1,786	2,079	1,787	1,564	1,420	1,310	1,197	1,266	950	1,014
Services
Total revenue
47,388	53,616	58,325	65,314	60,557	64,572	75,892	71,008	60,457	59,148	52,734	47,607	34,964	38,874	35,952	38,388	34,497	35,927	39,364	39,955	33,628	38,394	40,379	39,668	38,370	38,020	37,961	36,222	32,226	33,119	30,801	27,564	22,563	24,459	21,121	17,127
Total cost of revenue
52,480	53,366	57,083	60,573	60,987	64,410	76,589	62,111	55,136	52,712	47,121	42,780	34,951	36,264	37,048	33,836	30,688	31,531	35,974	34,421	30,664	32,447	35,193	33,293	32,672	35,229	28,444	33,774	29,471	25,826	24,302	22,513	19,310	17,925	16,815	15,276