The company’s expanding international focus was also emphasized, with DocuSign revealing that its service is now used in more than 180 countries, while international revenue grew 17% from a year earlier.
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For the full year, it’s expecting sales of $2.71 billion to $2.73 billion, versus the $2.7 billion estimate.ĭocuSign also highlighted its growing customer base, pointing out that it now has 1.4 million paying users and more than 1 billion users in total. Looking to the next quarter, it offered strong guidance, saying that it forecasts revenue of $675 million to $679 million, well ahead of analysts’ consensus estimate of $667 million. Things are likely to continue going well for the company too. In a statement, DocuSign Chief Executive Allan Thygesen (pictured) said the first quarter results, coupled with traction on the company’s strategic objectives, reflect a “solid start to the fiscal year.”
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It also sells software that automates the filing of contracts over the internet. The company sells tools that enable businesses and individuals to sign documents electronically without meeting anyone face-to-face. Revenue rose 12% from a year earlier, to $661 million, above the $642 million analyst target.ĭocuSign also reported that its subscription revenue rose 12%, to $639 million, while sales from its “professional services and other” segment increased 14%, to $22 million. Earnings before certain costs such as stock compensation came to 72 cents per share, well ahead of Wall Street’s consensus estimate of 56 cents per share.
The company reported a net profit of $539,000 for the quarter, just above breakeven and up from a $27.3 million net loss one year earlier. are trending higher today after it delivered a solid fiscal first-quarter earnings and revenue beat and announced it has added a number of executive hires. Shares of the e-signature company DocuSign Inc.
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