Fiscal highlights. We just reported our fourth quarter two days ago. We were proud to accomplish $67.6 million in revenue, and we had non-GAAP operating income of $9.6 million. We are on a recurring revenue base. We sell term licenses to our customers rather than the old kind of software model of signing perpetual license and that's the only time you ever get a license fees for the sale of your product. We instead sell on average five-year contract. We charge licensing fee to our customers to use our products. We ask them to pay as a fee for license and maintenance annually every year and we have an incredibly high almost 100% renewal rates.Looking at the businesses last year, we added 30 customers, which is a record high for us. The high in the prior year with 17 customers, so we are very proud to add 30. We also had a significant increase in traction in the two additional products that we've released over the last several years, and that is PolicyCenter and BillingCenter.
Guidewire Software' Management Presents At The Citi Technology Conference (Transcript)
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