Guidewire Software, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K, dated May 28, 2013, reports a correction to financial guidance issued by Guidewire Software, Inc. during its third quarter fiscal 2013 conference call. The quarter ended on April 30, 2013.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the reported period. It focuses exclusively on a revision to the full-year non-GAAP net income outlook.
Material Changes and Guidance Correction
The Company corrected its full-year fiscal 2013 non-GAAP net income guidance following an error in the initial announcement:
- Initial Guidance (Incorrect): $28.4 million to $29.1 million, or $0.46 to $0.47 per share.
- Corrected Guidance: $31.2 million to $31.9 million, or $0.50 to $0.51 per share.
- Share Count Basis: Both figures are based on a fully diluted share count of 62.0 million shares.
The Company confirmed there are no other changes to its fourth quarter or full-year guidance.
Management Commentary and Risks
Management identified the discrepancy as an unintentional error in the stated range during the conference call. No additional risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Verify the corrected full-year FY'13 non-GAAP net income range of $31.2 million to $31.9 million.
- Confirm the per-share impact of $0.50 to $0.51 based on 62.0 million diluted shares.
- Note that fourth-quarter specific guidance remains unchanged from prior communications.