Categories AlphaGraphs, Earnings, Technology
DocuSign (DOCU) Earnings: Q1 profit, revenue top expectations
DocuSign, Inc. (NASDAQ: DOCU), a provider of electronic signature software, Thursday said its first-quarter adjusted earnings more than tripled, aided by strong demand. Both profit and revenues exceeded the market’s projection.
First-quarter revenues advanced 58% annually to $469.1 million, which is well above experts’ prediction. The top-line benefitted from a strong performance by the core subscription business.
Adjusted earnings jumped to $0.44 per share from $0.12 per share last year. Market watchers were looking for a smaller bottom-line number. On an unadjusted basis, it was a net loss of $8.4 million or $0.04 per share, compared to a loss of $47.8 million or $0.26 per share in the first quarter of 2021.
Read management/analysts’ comments on DocuSign’s Q1 earnings
DocuSign’s stock lost about 12% so far this year and is trading at a near one-year low. It closed Thursday’s regular session sharply lower.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
