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Income Statement (USD)
Q3 '24 | QoQ | |
---|---|---|
Revenue | 298M | 24.8% |
Gross Profit | 186M | 31.1% |
Cost of Revenue | 212M | 10.7% |
Operating expense | 176M | 10.8% |
Net Income | 17M | 405.9% |
EBITDA | 26M | 486.5% |
Balance Sheet (USD)
Q3 '24 | QoQ | |
---|---|---|
Total Assets | 2.23B | 9.1% |
Total Liabilities | 884M | 17.1% |
Total Equity | 1.34B | 4.5% |
Shares Outstanding | 83M | 0.6% |
Cash Flow (USD)
Q3 '24 | QoQ | |
---|---|---|
Cash from operations | 194M | 3934.5% |
Cash from investing | -7.3M | 218.5% |
Cash from financing | 1M | 10310% |
EPS
Financial Highlights for Guidewire Software in Q3 '24
Guidewire Software reported a revenue of 298M, which is a 24.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 186M, marking a 31.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 212M, a 10.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 176M, showing a 10.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 17M, showing a 405.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 26M, showing a 486.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Guidewire Software with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.