DocuSign reported solid fiscal Q1 results, although the stock slid as investors were disappointed with its billings guidance. The company will look to reaccelerate growth with its newly launched Intelligent Agreement Management platform.
DocuSign's growth has slowed dramatically, and it won't get any better this year. The company rolled out a new agreement management platform in April, although it looks similar to the Agreement Cloud, which launched in 2019.
DocuSign has appealed to growth investors in the past, but right now the company's growth is quite slow. The company might struggle to excite investors until growth picks up, perhaps as international revenue starts contributing more to results.
Docusign (DOCU) shares fell Friday, a day after the provider of document-signing software only slightly beat revenue estimates and its billing guidance raised concerns about growth.
After markets closed Thursday, the electronic-signature company beat quarterly estimates and lifted full-year guidance.
DocuSign stock has struggled to get its mojo back for the past three years. However, a recent acquisition could give the company an AI-powered boost.
Shares of DocuSign Inc (NASDAQ: DOCU) fell 6.2% after hours following its below-par full-year revenue and billing guidance. On the surface, results from the e-signature software company passed muster as it reported first-quarter earnings that beat expectations, with EPS of 82 cents surpassing Wall Street's forecast of 79 cents.
DocuSign, Inc. (NASDAQ:DOCU ) Q1 2025 Earnings Conference Call June 6, 2024 5:00 PM ET Company Participants Matt Bonistalli - Interim Head of IR Allan Thygesen - CEO Blake Grayson - CFO Conference Call Participants Jake Roberge - William Blair Tyler Radke - Citi Brent Thill - Jefferies Patrick Walravens - JMP Rishi Jaluria - RBC Capital Markets Josh Baer - Morgan Stanley Scott Berg - Needham Brad Sills - Bank of America Michael Turrin - Wells Fargo Arsenije Matovic - Wolfe Research Karl Keirstead - UBS Sonak Kolar - JPMorgan George Iwanyc - Oppenheimer Operator Good afternoon, ladies and gentlemen. Thank you for joining DocuSign's First Quarter Fiscal Year 2025 Earnings Conference Call.
While the top- and bottom-line numbers for DocuSign (DOCU) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
DocuSign (DOCU) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.72 per share a year ago.
Despite upside in DocuSign Inc.'s latest quarterly results, the electronic-signature software company's stock was falling in Thursday's extended trading.
CEO Allan Thygesen said the company topped estimates in the latest quarter on all primary metrics.