Guidewire Software Inc Q3 2023 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Rishi Nitya Jaluria - RBC Capital Markets, Research Division - Analyst : Wonderful. Mike, I wanted to go back to the generative AI theme. I'm really glad to hear kind of the way you're talking about it. And some of the transformational effects for Guidewire, I want to think about the impact on the industry itself, right? Not only does it force some of the peak drivers to modernize and kind of catch up and migrate to the cloud. But what's the potential for P&C insurers to actually change the way they do view the business and maybe even more importantly, the way that they interact with customers? And what sort of impact do you think that can have on the overall spending environment as it pertains to budget for Guidewire? And then I've got a quick follow-up.

Question: Rishi Nitya Jaluria - RBC Capital Markets, Research Division - Analyst : Yes. Got it. That's really helpful. I appreciate all the thoughts there. And then I wanted to go back to some of the dynamics around ramped ARR. And maybe -- I know you talked about this kind of a little bit of a surprise seeing that versus the smaller lands with potential upside that we saw last year. But what's driving, in your opinion, that change in behavior? And maybe as we see some of those shallower lands or whatever you want to call it, the smaller lands from last year, as those kind of come up for renewal, should that be kind of a driver if you put it -- think about our models that might lead to a little bit of an uptick in ARR and potential ARR acceleration?

Question: Rishi Nitya Jaluria - RBC Capital Markets, Research Division - Analyst : No. You covered everything. Really appreciate guys.