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Docusign Inc. app For download in the Apple App Store on a smartphone held in Dobbs Ferry, New York, United States, on Thursday, April 1, 2021.
Tiffany Hagler Gerd | bloomberg | Getty Images
DocuSign, the electronic signature provider, For the fiscal quarter ended April 30th, it posted profits and revenues, along with announcing a handful of new C-suite appointments and service offerings. Shares of the company rose as much as 12% after hours.
Here’s how the company did:
- Earnings: 72 cents a share, adjusted, versus the 56 cents a share expected by analysts, according to Refinitiv.
- he won: $661 million versus the $642 million expected by analysts, according to Refinitiv.
In the first quarter of fiscal 2024 for Docusign, revenue jumped 12% year-over-year to $661 million, and subscription revenue increased by the same proportion, to $639 million. In the “Professional and other services” category, revenue increased 14% to $22 million over the same period last year.
DocuSign reported net income of $539,000, or zero cents per share, compared to a net loss of $27.4 million, or 14 cents per share, in the prior year.
The company announced some new products and services, including Webforms, a way for organizations to create, customize, and manage their own forms, including exporting and analyzing collected data.
DocuSign reported 1.4 million paid users and more than 1 billion users as of April 30 and emphasized its international investor focus, with service in more than 180 countries and international revenue growth of 17% year-over-year.
For the fiscal second quarter, DocuSign expects revenue of $675 million to $679 million, compared to analyst estimates of $667 million, according to Refinitiv. For the full fiscal year, the company expects revenue of $2.71 billion to $2.73 billion, compared to an analyst call of $2.7 billion.
DocuSign also hired a few strategic hires to C Suite last quarter, including the appointment of a new CFO, Blake Grayson, who previously served as CFO for Trade office And in other financial roles in Amazon.
The company also named a new chief product officer in Dmitry Krakowski – previously at CP4, Google, SAP and Yahoo – and a new chief information security officer in Kurt Sauer, who previously held the same position at a work day.
Correction: Allan Thygesen is the current CEO of DocuSign. An earlier version’s image caption identified Dan Springer as CEO.
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