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DocuSign Shares Jump 7% on Q1 Beat
Jun 9, 2023 12:34 PM - Davit Kirakosyan
Image credit: FMP
DocuSign (NASDAQ:DOCU) shares surged more than 7% pre-market today after the company reported its Q1 earnings results, with EPS of $0.72 coming in better than the Street estimate of $0.55. Revenue was $661.4 million, beating the Street estimate of $641.69 million.
Billings showed a nice upside, though guidance did not pass through the entire beat, suggesting pull-forward, worsening macro, or more conservatism. On macro, management noted that conditions were roughly the same, with SMB demand slightly better but enterprise slightly worse.
For Q2/24, the company expects revenue to be in the range of $675-$679 million, compared to the Street estimate of $670.4 million. For the full year, the company sees revenue at $2.713-$2.725 billion, compared to the Street estimate of $2.7 billion.
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