Strong Financial Performance
ARR grew 22% year over year, and 21% on a constant currency basis. Total revenue was $333 million, up 27% year over year. Subscription and support revenue grew 31% to $222 million.
Successful Cloud Adoption
Continued momentum with eight additional cloud deals in Q1, including significant wins in North America and internationally.
Introduction of New Products
Launch of PricingCenter and UnderwritingCenter as part of InsuranceSuite, representing significant market opportunities.
Acquisition and AI Integration
Acquisition of ProNavigator, an AI-powered knowledge management platform, to enhance Guidewire's AI offerings.
Positive Financial Outlook
Raised annual outlook for ARR to $1.22-$1.23 billion, and total revenue to $1.403-$1.442 billion.