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Adam R. Hotchkiss

Vice President of Emerging Software Equity Research at Goldman Sachs Group Inc.

Adam R. Hotchkiss is a Vice President of Emerging Software Equity Research at Goldman Sachs, specializing in the analysis of computer, technology, and internet software companies. He currently covers a range of publicly traded technology firms including Zuora, Model N, SEMrush Holdings, Vertex Inc., Porche Holdings, and Alarm.com, with a strong performance record—maintaining a 56% success rate and an average return of approximately 11% per rating, and achieving a notable individual call on Vertex (+136% return). Hotchkiss began his Goldman Sachs tenure as a Summer Analyst in 2015, progressing through research associate and analyst roles before assuming his current VP-level position in April 2022; he holds an A.B. in Government from Harvard University. He is registered with FINRA and holds required securities licenses, backed by experience in both finance and government policy.

Adam R. Hotchkiss's questions to Guidewire Software (GWRE) leadership

Question · Q4 2025

Adam R. Hotchkiss inquired about any updates to Guidewire's communication regarding end-of-support expectations for on-premise customers, given that approximately three-fourths of the business's ARR is now cloud-based.

Answer

CEO Mike Rosenbaum stated that end-of-support expectations remain unchanged and clear, ensuring no customer is surprised. He reiterated Guidewire's commitment to investing in mechanisms to make the migration process smoother, less risky, and less costly for all on-premise customers.

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