Advertisement
Canada markets open in 4 hours 14 minutes
  • S&P/TSX

    22,107.08
    +194.56 (+0.89%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CAD/USD

    0.7348
    -0.0025 (-0.34%)
     
  • CRUDE OIL

    81.71
    +0.36 (+0.44%)
     
  • Bitcoin CAD

    96,276.90
    +1,457.88 (+1.54%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,213.20
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,114.35
    +44.19 (+2.13%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • NASDAQ futures

    18,491.25
    -12.50 (-0.07%)
     
  • VOLATILITY

    12.96
    +0.18 (+1.41%)
     
  • FTSE

    7,953.47
    +21.49 (+0.27%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6813
    +0.0008 (+0.12%)
     

DocuSign Q1 results top estimates; stock jumps

Investing.com -- DocuSign (NASDAQ:DOCU) reported Thursday fiscal first-quarter results that topped estimates as an increase in billings bolstered performance.

DocuSign was up more than 7% in premarket trading following the report.

The software company reported Q4 adjusted EPS of $0.72 on revenue of $661.4 million, topping consensus estimates for EPS of $0.55 on revenue of $641.7M.

Gross margin was 79%, up from 78% in the same period last year.

Billings were $674.8M in Q1, an increase of 10% year-over-year.

Looking ahead to Q2, the company forecasts revenue in the range of $675M to $679M, in line with estimates of $668.1M, with billings expected to come in between $646M and $656M.

ADVERTISEMENT

For the year, revenue was guided in a range of $2.71B to $2.73B, just above consensus estimates of $2.70B, while billings were expected between $2.74B and $2.75B.

"With sales execution woes and macro uncertainty ahead, we see potential for [DocuSign] to outperform its [fiscal year 2024] outlook, particularly on margins," analysts at Wolfe Research said in a note.

Related Articles

DocuSign Q1 results top estimates; stock jumps

KeyBanc survey data indicates weaker Apple iPhone sales in May

Fisker to establish China delivery center and begin delivering electric SUVs in 2024