DocuSign Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance, 'Momentum' Across The Business And More
Portfolio Pulse from Adam Eckert
DocuSign Inc (NASDAQ:DOCU) reported Q4 earnings with an 8% year-over-year revenue increase to $712.4 million, surpassing estimates of $699.18 million. Earnings per share were 76 cents, beating the 64 cents estimate. The company saw a 13% increase in billings to $833.1 million and more than doubled its free cash flow year-over-year to $248.6 million. Gross margin was 79%, and the company ended the quarter with $1.2 billion in cash and investments. CEO Allan Thygesen highlighted momentum in product innovation and customer growth. DocuSign provided a Q1 revenue outlook of $704 million to $708 million, above estimates of $700.06 million, and expects FY2025 revenue between $2.915 billion and $2.927 billion, surpassing the $2.9 billion estimate. Shares were up 13.40% after hours to $60.72.

March 07, 2024 | 9:30 pm
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DocuSign reported strong Q4 earnings, surpassing revenue and EPS estimates with significant year-over-year growth. The company provided optimistic revenue guidance for Q1 and FY2025, exceeding analyst expectations.
DocuSign's Q4 earnings report showed significant growth and beat analyst expectations, which typically leads to positive investor sentiment and an increase in stock price. The optimistic revenue guidance for both Q1 and FY2025 further supports the potential for continued growth, making it likely that the stock price will experience a short-term increase.
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