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Interesting Stocks To Watch - Nov. 28: GWRE

System software provider Guidewire Software Inc. (GWRE) comes on our radar after reporting a better-than-estimated results for the first quarter of fiscal 2013.

First quarter net income was $0.4 million or $0.01 per share, compared to $4.8 million or $0.9 per share for the year-ago quarter.

Excluding items, adjusted net income was $6.7 million or $0.11 per share, compared to $7.0 million or $0.15 per share in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to earn $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the first quarter rose 21% to $63.30 million from $52.38 million a year ago. Wall Street analysts had a consensus revenue estimate of $60.56 million.

Quarterly Results

Q4 - FY12

- Q4 net income was $3.5 million or $0.06 per share versus loss $1.2 million or $0.06 per share last year.

- Q4 adj. profit was $6.4 million or $0.10 per share versus $11.2 million or $0.24 per share last year. Consensus - $0.04/Shr.

- Q4 revenues rose 33% to $67.6 million from $51.0 million last year. Consensus - $62.33 million.

Q3 - FY12

- Q3 net income declined to $3.1 million or $0.05 per share from $29.4 million or $0.66 per share last year.

- Q3 adj. profit was $5.9 million or $0.10 per share versus $7.1 million or $0.16 per share last year. Consensus - loss $0.02/Shr.

- Q3 revenue grew 28% to $57.0 million from $44.5 million last year. Consensus - $52.24 million.

Q2 - FY12

- Q2 net income was $3.7 million or $0.06 per share versus $5.4 million or $0.11 per share last year.

- Q2 adj. profit rose to $7.8 million or $0.16 per share from $6.9 million or $0.17 per share last year. Consensus - loss $0.03/Shr.

- Q2 total revenues grew 30% to $55.1 million from $42.3 million last year. Consensus - $46.23 million.

Annual Financial Data

Net income for fiscal 2012 was $15.2 million or $0.25 per share, compared to $35.6 million or $0.76 per share in 2011, and $15.5 million or $0.30 per share in 2010.

Total revenues rose to $232.1 million in fiscal 2012 from $172.5 million in 2011 and $144.7 million in 2010.

Company Profile

Guidewire Software provides system software to the property and casualty (P&C) insurance industry primarily in the United States, Canada, and Australia. It provides Internet-based software platforms for core insurance operations, including underwriting and policy administration, claim management, and billing.

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