UPDATE: Guidewire Software FQ1 Profit Drops 92%

Guidewire Software (NASDAQ: GWRE ) reported a 92% drop in its fiscal first-quarter earnings. Guidewire Software's quarterly profit fell to around $400,000, or a penny per share, from $4.8 million, or $0.09 per share, in the year-ago period. Excluding one-time items, the company earned $0.11 per share. Its revenue climbed