Guidewire Software reported first-quarter revenues of $372.5 million, a 26.9% year-on-year increase that exceeded analysts' expectations by 4.7%. The company, which provides a technology platform for property and casualty insurers, also posted an impressive beat on billings estimates and issued full-year revenue guidance slightly above consensus. Among four tracked vertical software stocks, Guidewire achieved the fastest revenue growth and the highest full-year guidance raise. However, the stock fell 11% since the report to $134.50, as investor expectations may have been even higher than published projections. The broader group saw revenues beat estimates by 3.7% on average, with next-quarter guidance 0.9% above consensus, and share prices up 1.9% on average since earnings.
Guidewire Software IncStock fell 11% despite beating estimates, likely due to high investor expectations
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