DocuSign Q3 Earnings Highlights: EPS Beat, Revenue Up 9%, 'Intelligent Agreement Management' And More
Portfolio Pulse from Adam Eckert
DocuSign Inc (NASDAQ:DOCU) reported Q3 earnings with a 9% year-over-year revenue increase to $700.42 million, surpassing the consensus estimate of $690.13 million. Earnings per share were $79 cents, beating estimates of 63 cents. The company saw significant increases in net cash from operating activities and free cash flow, with a gross margin of 80%. DocuSign ended the quarter with $1.7 billion in cash and investments. The company provided an optimistic outlook for Q4 and full-year 2024 revenue, expecting to exceed analyst estimates. Shares were down slightly after hours.
December 07, 2023 | 9:38 pm
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DocuSign reported strong Q3 results with revenue and EPS exceeding estimates, robust cash flow, and a positive outlook for future earnings.
The positive earnings report and optimistic future revenue guidance are likely to instill investor confidence and could lead to a short-term increase in stock price, despite the slight after-hours dip.
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