Guidewire Software, Inc. (NYSE:GWRE) Q1 2020 Earnings Conference Call - Final Transcript
Dec 05, 2019 • 05:00 pm ET
years, along with customer interest, we may be open to longer terms when it makes sense.
Multi-year deals would positively impact revenue in the period executed but will make future year-over-year comparisons down. ARR as a metric is not impacted by either of these two themes [Phonetic], and we are still comfortable with our previously discussed range of 14% to 16% year-over-year growth. While our non-GAAP net income and net income per share expectations are unchanged, we do expect changes to our GAAP net income as a result of the new base erosion and anti-abuse tax or BEAT regulations issued earlier this week. We are still evaluating the impacts of these regulations. We expect our GAAP tax charge to increase, but do not currently expect an impact to our non-GAAP tax provision.
Given the regulations were made public this week, we expect to provide an update during our next earnings call. Turning to the second quarter. We anticipate total revenue to be in the range of $162 million to $166 million. Within revenue, we expect license and subscription to be in the range of $92 million to $96 million. We expect Q2 maintenance revenue of $20 million to $20.5 million and Q2 Services revenue of $48 million to $51 million.
For the second quarter, we anticipate a non-GAAP operating income of between $5 million and $9 million. In summary, we're off to a positive start to the year and remain optimistic about our prospects looking forward.
Operator, can you now open the call for questions.