DocuSign, an electronic signature provider, Reports outperformed earnings and sales for the fiscal quarter ended April 30along with the announcement of several executive hires and new service offerings. The company’s stock surged as much as 12% in after-hours trading.
The company’s efforts include:
- Earnings: 72 cents per share on an adjusted basis, compared with analyst estimates of 56 cents per share, according to Refinitiv.
- Earnings: $661 million, compared with analyst estimates of $642 million, according to Refinitiv.
Docusign’s fiscal 2024 first quarter revenue increased 12% year-over-year to $661 million, while subscription revenue increased the same rate to $639 million. In the Professional Services and Other category, revenue increased 14% year-over-year to $22 million.
DocuSign reported net income of $539,000, or 0 cents per share, compared to a net loss of $27.4 million, or 14 cents per share, in the same period last year.
The company announced several new products and services, including Web Forms, a means for organizations to create, customize, and manage their own forms, including exporting and analyzing collected data.
DocuSign reported 1.4 million paying users and over 1 billion users as of April 30, served in more than 180 countries, and saw a 17% year-over-year increase in international revenue. emphasized to investors.
According to Refinitiv, DocuSign expects revenue of $675 million to $679 million in the second quarter, while analysts expect $667 million. The company expects full-year revenue of $2.71 billion to $2.73 billion, compared with analysts’ forecast of $2.7 billion.
DocuSign also made several strategic executive hires last quarter, including the appointment of former CFO Blake Grayson as its new chief financial officer. It was trade desk and in other financial roles Amazon.
The company also appointed Dmitri Krakovsky, formerly of CP4, Google, SAP, and Yahoo, as its new Chief Product Officer, and Kurt Sauer, who previously held the same role, as its new Chief Information Security Officer. elected. working day.