Guidewire Software, Inc. (NYSE:GWRE) Q4 2020 Earnings Conference Call - Final Transcript

Sep 02, 2020 • 05:00 pm ET


Guidewire Software, Inc. (NYSE:GWRE) Q4 2020 Earnings Conference Call - Final Transcript


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Greetings and welcome to today's conference call. Welcome to Guidewire's Fourth Quarter Fiscal Year 2020 Financial Results Conference Call.

[Operator Instructions]

I would now like to turn the conference over to your host, Mr. Jeff Cooper, CFO. Thank you. You may begin.

Jeff Cooper

Good afternoon, and welcome to Guidewire Software's earnings conference call for the fourth quarter and fiscal year 2020, which ended on July 31.

My name is Jeff Cooper, I am the Chief Financial Officer. And with me on the call is Mike Rosenbaum, Guidewire's Chief Executive Officer. A complete disclosure of our results can be found in our press release issued today, as well in our -- as well as in our related Form 8-K furnished to the SEC, both of which are available on the Investor Relations section of our website. Today's call is being recorded, and a replay will be available following the conclusion of the call.

Statements made on this call include forward-looking statements regarding our financial results, products, customer demand, operations, the impact of COVID-19 on our business and other matters. These statements are subject to risks, uncertainties and assumptions and are based on management's current expectations as of today, and should not be relied upon as representing our views as of any subsequent date. Please refer to the press release and risk factors and documents we file with the SEC, including our most recent quarterly report on Form 10-Q and our Annual Report on Form 10-K to be filed with the SEC for information on risks, uncertainties and assumptions that may cause actual results to differ materially from those set forth in such statements.

We will also refer to certain non-GAAP financial measures to provide additional information to investors. A reconciliation of non-GAAP to GAAP measures is provided in our press release. Additionally, reconciliations and additional data are also posted in a supplement on our IR website.

With that, let me turn the call over to Mike.

Mike Rosenbaum

Thanks, Jeff, and thanks, everyone, for joining us today.

It's now been a little over a year since I joined Guidewire, and this call marks the assessment of my first fiscal year, as the leader of this incredible company. People say leaders should expect the unexpected, and I can say without a doubt, we exercised that principle pretty thoroughly this year. When I joined, we talked a lot about the cloud transformation we are embarked on. And now a year later, when I assess the progress we have made, I can say I have absolutely no doubt that we are on the right path. We continued to build proof points and momentum across product, services and our ecosystem, and most importantly, with our customers. Each of those proof points builds confidence, credibility and trust, and helps us continue to build cloud momentum.

Regarding COVID and our operating model, things are little changed since last quarter. We have opened a few of our international offices in accordance with local guidelines, but the vast majority of our employees are