Business Context and Reporting Period
This Form 8-K was filed by Guidewire Software, Inc. on March 7, 2018. The report serves to provide required financial statements and exhibits related to the company's recent acquisitions of ISCS, Inc. (completed February 2017) and Cyence Inc. (completed November 2017).
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity for Guidewire Software, Inc. itself. Instead, it references the following documents filed as exhibits containing the relevant data:
- Exhibit 99.1: Interim Unaudited Condensed Consolidated Financial Statements of Cyence Inc. for the nine months ended October 31, 2017, and 2016.
- Exhibit 99.2: Unaudited Pro Forma Condensed Combined Statement of Operations for the six months ended January 31, 2018 (reflecting the Cyence Acquisition) and for the year ended July 31, 2017 (reflecting both the Cyence and ISCS Acquisitions).
Material Changes
The primary material change addressed in this filing is the formal submission of financial data regarding the integration of acquired businesses. The company notes that the pro forma financial information is not necessarily indicative of actual operating results that would have been achieved if the acquisitions had been in effect on the dates indicated, nor does it guarantee future results.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or specific risk factors beyond the standard disclaimer regarding pro forma financial information. The document explicitly states that the pro forma statements should be read in conjunction with the separate financial statements of Guidewire, ISCS, and Cyence.
Investor Verification Checklist
- Review Exhibit 99.1 for the specific financial performance of Cyence Inc. for the nine months ended October 31, 2017.
- Analyze Exhibit 99.2 to understand the pro forma combined operating results for the six months ended January 31, 2018, and the year ended July 31, 2017.
- Verify the assumptions used in the pro forma adjustments to assess the potential impact of the ISCS and Cyence acquisitions on Guidewire's consolidated financial position.
- Confirm that the unaudited nature of the interim statements is understood when comparing against audited historical data.