Guidewire Software Inc (GWRE)

Gross profit margin

		Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020
Gross profit (ttm)	US$ in thousands	629,461	583,361	560,603	517,294	498,351	458,211	417,200	402,206	380,934	377,176	405,171	393,150	379,119	389,560	394,761	405,271	406,973	404,292	373,503	373,679
Revenue (ttm)	US$ in thousands	1,039,477	982,300	952,197	919,218	910,947	898,831	870,547	857,475	826,697	794,619	779,718	746,444	722,096	726,143	740,463	744,838	738,408	725,792	694,239	693,064
Gross profit margin		60.56%	59.39%	58.87%	56.28%	54.71%	50.98%	47.92%	46.91%	46.08%	47.47%	51.96%	52.67%	52.50%	53.65%	53.31%	54.41%	55.11%	55.70%	53.80%	53.92%

October 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $629,461K ÷ $1,039,477K
= 60.56%

Guidewire Software Inc's gross profit margin has shown fluctuations over the years based on the provided data. The margin stood at 53.92% on January 31, 2020, and slightly decreased to 53.80% on April 30, 2020. However, there was an increase in the margin to 55.70% on July 31, 2020, followed by a slight decline to 55.11% on October 31, 2020.

Subsequently, there was a gradual decrease in the gross profit margin reaching 52.50% on October 31, 2021. The margin then fluctuated around the low 50s, with percentages of 52.67% on January 31, 2022, and 51.96% on April 30, 2022. A significant decrease was noted on July 31, 2022, where the margin dropped to 47.47%, and further to 46.08% on October 31, 2022.

The trend started to reverse from there, with an increase to 47.92% on January 31, 2023, and a continuous upward trend, reaching 60.56% by October 31, 2024. This improvement shows the company's ability to effectively manage its cost of goods sold and increase its gross profit margin over time. The increasing trend towards the latter part of the period indicates positive performance for Guidewire Software Inc in terms of gross profitability.