It is widely estimated that DocuSign’s revenues and earnings increased in the three months ended July 2023. The consensus earnings estimate is $0.66 per share, which represents an impressive 50% growth from what the company earned in the prior year quarter. Revenue is expected to increase 8.9% year-over-year to $677.56 million.
In the first three months of fiscal 2024, revenue increased by 12% to $661.4 million. Consequently, adjusted earnings rose to $0.72 per share in Q1 from $0.38 per share last year. First-quarter net profit was $0.54 million, compared to a loss of $27.4 million or $0.14 per share in the year-ago fiscal quarter.
Subscription revenue was $639.3 million in the April quarter, an increase of 12% year-over-year. Professional Service revenue rose 14% annually to $22.1 million. Billings increased 10% year-over-year to $674.8 million.