DocuSign (DOCU) Reports Stellar Q1 Earnings, Exceeding Expectations - podcast episode cover

DocuSign (DOCU) Reports Stellar Q1 Earnings, Exceeding Expectations

Jul 13, 20234 min
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Episode description

Read More: https://www.cnbc.com/2023/06/08/docusign-docu-q1-earnings-report-2024.html

DocuSign (DOCU) Reports Stellar Q1 Earnings, Exceeding Expectations

Transcript

stocksCurrenciesCryptocurrencyFutures & CommoditiesBondsFunds & ETFsBusinessEconomyFinanceHealth & ScienceMediaReal EstateEnergyTransportationIndustrialsRetailWealthLifeSmall BusinessInvestingInvest in YouPersonal FinanceFintechTools & ServicesAdvisor CenterETF CenterEarnings CalendarTechMobileEnterpriseGamingCybersecurityEnterprise InternetMediaTourism & TravelHealth & WellnessPharmaceuticalsRetailAutosReal EstateConsumer ProductsEnergyFood & BeverageTobaccoIndustrial GoodsTelecommunicationsTransportationAerospace & DefenseFinanceMarketsPre-MarketsU.S. MarketsCurrenciesCryptocurrencyFutures & CommoditiesBondsFunds & ETFsBusinessEconomyFinanceHealth & ScienceMediaReal EstateEnergyTransportationIndustrialsRetailWealthLifeSmall BusinessInvestingInvest in YouPersonal FinanceFintechTools & ServicesAdvisor CenterETF CenterEarnings CalendarTechMobileEnterpriseGamingCybersecurityEnterprise InternetMediaTourism & TravelHealth & WellnessPharmaceuticalsRetailAutosReal EstateConsumer ProductsEnergyFood & BeverageTobaccoIndustrial GoodsTelecommunicationsTransportationAerospace & DefenseFinanceDocuSign (DOCU) Q1 earnings report 2024 Published Thu, Jun 3 2021 6:52 PM EDTUpdated Thu, Jun 3 2021 7:29 PM EDT Kevin Stankiewicz@kevin_stank ShareKey Points DocuSign reported first-quarter results that topped analysts' expectations on the top and bottom lines. The e-signature company also issued strong guidance for the second quarter and raised its full-year outlook. DocuSign said its results were driven by increased demand for its Agreement Cloud products and expansion into new industries. DocuSign shares surged as much as 10% in extended trading on Thursday after the company reported better-than-expected fiscal first-quarter results and gave strong forward guidance. Here's how the company did: Earnings: 44 cents per share, adjusted, vs. 28 cents per share as expected by analysts, according to Refinitiv. Revenue: $469.1 million vs. $437.8 million as expected by analysts, according to Refinitiv. DocuSign also raised its guidance for the full fiscal year, which ends in January. The company now expects between $2.027 billion and $2.039 billion in revenue, representing growth of 43% to 44% year over year. It previously forecast between $1.996 billion and $2.018 billion in revenue. In the fiscal second quarter, DocuSign expects between 43 cents and 45 cents in adjusted earnings per share on $481 million to $487 million in revenue. Analysts polled by Refinitiv had expected 35 cents in adjusted earnings per share on $461.9 million in revenue. The stock, which closed at $241.68 per share, rose more than 10% after the announcement. The stock is up about 40% year to date. Executives will discuss the results on a conference call with analysts starting at 5 p.m. Eastern time. This story is developing. Please check back for updates. Published Thu, Jun 3 2021 6:52 PM EDTUpdated Thu, Jun 3 2021 7:29 PM EDT Kevin Stankiewicz@kevin_stank Share
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