Guidewire Software, Inc. (NYSE:GWRE) Q4 2020 Earnings Conference Call - Final Transcript
Sep 02, 2020 • 05:00 pm ET
cash flow from operations expectations in fiscal 2021 are between $60 million and $70 million. We expect a decline in cash flow from operations, as we continue to build out our cloud operations function and invest in cloud capabilities. This is a once-in-a-generation platform shift for the industry that significantly expands our TAM, and we are investing today to capitalize on this opportunity for decades to come. Additionally, we expect approximately $15 million less in interest income in fiscal '21. We expect to spend approximately $40 million in capital expenditures, including $25 million in build out expenses, as we are moving to new offices in Dublin, Ireland, our European headquarters and Toronto, Canada. Project dates may be delayed due to the pandemic and may stretch into the next fiscal year. Additionally, our planning for these and other locations takes into account a new approach to offices, as we consider more flexible work arrangements that may require less office space in the future.
In summary, we are proud of what the team was able to accomplish in Q4, a tremendous result. We look forward to providing more detail at our Analyst Day, which will be a virtual event on October 13.
Operator, you can now open the call for questions.