Breakout to New Highs Provides Fresh Buy Signal!
Recurring revenues have risen to over $1.0 billion. This provides a certain level of planning security for investors!
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Guidewire Software (GWRE) (i.) released a strong report for the fourth quarter of the fiscal year after market close on September 4th. The company was able to sign 19 cloud contracts, and the annual recurring revenue (ARR) surpassed the $1.0 billion mark. A significant 10-year agreement with a large tier 1 insurer was also highlighted. This deal underscores the platform's maturity and referencability, which could lead to larger business closures and deeper customer relationships. Technically, the stock reacted with a price jump and breakout to new...
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