Categories AlphaGraphs, Earnings, Technology
Infographic: DocuSign (DOCU) 4Q revenue up 14%: to realign sales force
DocuSign, Inc. (NASDAQ: DOCU), a leading provider of electronic signature solutions, has reported fourth-quarter 2023 earnings. It also provided guidance for the first quarter and fiscal 2024.
The top line increased by 14% to $659.6 million. Consequently, adjusted earnings advanced 35% annually to $0.65 per share. Fourth-quarter net profit was $0.02 per share or $4.9 million, compared to a loss of $30.4 million or $0.15 per share in the year-ago fiscal quarter. Net income mainly reflects interest income and income from other sources.
The subscription segment accounted for about 98% of total revenues, while the remaining came from the professional services division. Billings increased 10% year-over-year to $739 million. Cash, cash equivalents, restricted cash, and investments were $1.2 billion at the end of the quarter.
In fiscal 2023, the net loss widened to $97.5 million due to a 20% increase in operating expenses, and the management expects the trend to persist in the coming quarters.
Outlook
For the first quarter of 2024, total revenue is expected to be in the range of $639 million to $643 million. Subscription revenue is forecast to be between $625 million and $629 million, while billings are expected to be in the $615-$625-million range. For fiscal 2024, revenue is expected to be between $2.695 billion and $2.707 billion, and billings in the range of $2.705 billion to $2.725 billion.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported second quarter 2024 earnings results today. Revenues increased 1% year-over-year to $22.1 billion. Net loss attributable to The Walt Disney Company was $20
Earnings Preview: Alibaba likely to report mixed results for Q4
Alibaba Group Holding Limited (NYSE: BABA) will be reporting fourth-quarter 2024 financial results next week. Over the years, the e-commerce giant successfully diversified its business and emerged as a major
A look at Tyson Foods’ (TSN) expectations for the remainder of FY2024
Shares of Tyson Foods, Inc. (NYSE: TSN) fell over 7% on Monday. The stock has gained 7% year-to-date. The company delivered mixed results for the second quarter of 2024, with