DocuSign Q1 Earnings: Revenue Beat, EPS Beat, $1B Buyback Increase And More
Portfolio Pulse from Adam Eckert
DocuSign Inc (NASDAQ:DOCU) reported strong Q1 earnings with revenue and EPS beating estimates. The company announced a $1 billion increase to its stock repurchase program and provided a positive outlook for Q2 and fiscal year 2025. Despite the positive results, DOCU shares were down 3.62% in after-hours trading.
June 06, 2024 | 8:28 pm
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DocuSign reported Q1 revenue of $709.6M and EPS of $0.82, both beating estimates. The company also announced a $1B increase to its stock repurchase program. Despite the positive results, shares fell 3.62% in after-hours trading.
DocuSign's strong financial performance and increased stock repurchase program are positive indicators for the company's future. However, the immediate market reaction was negative, possibly due to profit-taking or other market dynamics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100