Outlook
Meanwhile, the company guided fourth-quarter revenue above
the Street’s view and raised its full-year revenue forecast.
For the fourth quarter, the company expects total revenue of
$263-267 million, while adjusted gross margin is estimated between 78% and 80%.
For the full year, revenues are expected in the range of $962-966 million, with gross margin projection pegged at 78-80%.
READ: Cloudera (CLDR) to report Q3 2020 earnings results after the bell
Last month, DocuSign shares climbed to an all-time high, continuing the rally that followed the last quarterly report. Since the beginning of the year, the stock has gained 72%.
CEO Dan Springer said, “Customers and partners alike are
seeing the benefits of having a single platform that connects and automates the
entire agreement process. As we continue to expand our suite of Agreement Cloud
products, we believe DocuSign is poised to lead the next big category of cloud
platforms.”
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