Guidewire Software (NYSE: GWRE) reported earnings on May 28. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 30 (Q3), Guidewire Software beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share dropped to a loss.

Margins contracted across the board.

Revenue details
 Guidewire Software booked revenue of $68.3 million. The five analysts polled by S&P Capital IQ wanted to see net sales of $63.6 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $57.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.04. The six earnings estimates compiled by S&P Capital IQ anticipated $0.02 per share. Non-GAAP EPS of $0.04 for Q3 were 60% lower than the prior-year quarter's $0.10 per share. GAAP EPS were -$0.05 for Q3 compared to $0.05 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 47.3%, much worse than the prior-year quarter. Operating margin was -6.4%, much worse than the prior-year quarter. Net margin was -3.9%, 940 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $93.1 million. On the bottom line, the average EPS estimate is $0.14.

Next year's average estimate for revenue is $296.8 million. The average EPS estimate is $0.50.

Investor sentiment
 The stock has a one-star rating (out of five) at Motley Fool CAPS, with 24 members out of 40 rating the stock outperform, and 16 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Guidewire Software a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Guidewire Software is outperform, with an average price target of $38.60.

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