DocuSign reports Q1 revenue up 8% YoY to $764M, subscription revenue up 8% to $746.2M, net income up 113% to $72.1M, and cuts FY 2026 forecast; DOCU falls 18%+
Shares of DocuSign tanked 18% in trading on Friday, a day after the e-signature provider reported stronger-than-expected earnings but slashed its full-year billings outlook.
DocuSign stock jumps 14%+ after reporting Q4 revenue up 9% YoY to $776M, subscription revenue up 9% YoY, and a $83.5M net income, up from $27.2M a year ago
WATCH NOW — Docusign rose more than 14% after reporting stronger-than-expected earnings after the bell Thursday.
DocuSign reports Q1 revenue up 12% YoY to $661.4M, vs. $642M est., subscription revenue up 12% YoY, and a $539K net income, up from a $27.4M net loss in Q1 2022
Earnings Review Eric J. Savitz / Barron's Online : DocuSign Shares Soar on Strong Revenue and Billings
DocuSign reports Q3 revenue up 18% YoY to $645.5M, vs. $627M est., and billings up 17% YoY to $659.4M, vs. $588.6M est.; the stock jumps ~10% after hours
Emily Bary / MarketWatch :
DocuSign plans to lay off 9% of staff as part of a major FY 2023 restructuring, incurring charges of $30M to $40M; DocuSign had 7,461 employees in January 2022
DocuSign reports Q2 revenue up 22% YoY to $622.2M, vs. $602.7M est., and a $2.55B to $2.57B full-year billings forecast, vs. $2.53B est.; the stock jumps 18%+
Brody Ford / Bloomberg :
DocuSign reports Q1 revenue up 25% YoY to $588.7M, vs. $581.8M est., and a $27.4M net loss, up from $8.4M YoY, as the company moderates hiring; stock drops 20%+
Jordan Novet / CNBC :
DocuSign reports Q4 revenue rose 35% YoY to $580.8M, with FY 2022 revenue of $2.1B, up 45% YoY; stock drops 17%+ after weak FY 2023 guidance
Will Feuer / Wall Street Journal :
UK-based GoCardless, which processes direct debit payments for Klarna, DocuSign, and others, raises $312M led by Permira at a $2.1B valuation
Ivan Levingston / Bloomberg :
Early pandemic winners, including Cathie Wood's ARK fund, Peloton, Zoom, Poshmark, DocuSign, Chegg, and Zillow, have seen their market value decline in 2021
Those former tech sweethearts that experienced a reversal in fortune this year could remain in the dumps in 2022