12:33 PM EDT, 09/06/2024 (MT Newswires) -- (Updates to add stock move in the first paragraph.)

Guidewire Software ( GWRE ) shares advanced by more than 11% in recent Friday trading after the company released fiscal Q4 results that exceeded market expectations.

The company reported fiscal Q4 non-GAAP earnings late Thursday of $0.62 per diluted share, down from $0.74 a year earlier.

Analysts polled by Capital IQ expected $0.54.

Revenue for the quarter ended July 31 rose to $291.5 million from $270 million a year earlier.

Analysts surveyed by Capital IQ expected $283.9 million.

The company said it expects fiscal Q1 revenue between $251 million and $257 million. Analysts polled by Capital IQ expect $236.3 million.

The company said it expects fiscal 2025 revenue between $1.14 billion and $1.15 billion. Analysts surveyed by Capital IQ expect $1.09 billion.

Price: 159.86, Change: +15.93, Percent Change: +11.07