The Docusign Inc. app. for download on the Apple App Store on a smartphone, held in Dobbs Ferry, New York, USA, on Thursday, April 1, 2021.
Tiffany Hagler-Geard | Bloomberg | Getty Images
DocuSign, the electronic signature provider, reported a rise in earnings and revenue for the fiscal quarter ended April 30, along with the announcement of several C-suite hires and new service offerings. The company’s shares jumped as much as 12% after hours.
Here’s how the company fared:
- Earnings: 72 cents per share adjusted, versus the 56 cents per share expected by analysts, according to Refinitiv.
- Income: $661 million versus the $642 million expected by analysts, according to Refinitiv.
In the first quarter of fiscal 2024, Docusign’s revenue jumped 12% year-over-year to $661 million, and subscription revenue increased by the same percentage to $639 million. In the professional services and other category, revenue jumped 14% to $22 million from the year-ago period.
DocuSign reported net income of $539,000, or zero cents per share, compared with a $27.4 million net loss, or 14 cents per share, a year earlier.
The company announced some new products and services, including Webforms, a way for organizations to create, customize and manage their own forms, including exporting and analyzing the data collected.
DocuSign reported 1.4 million paying users and more than 1 billion active users as of April 30, and emphasized its international focus to investors, with services in more than 180 countries and 17% year-over-year international revenue growth.
For the fiscal second quarter, DocuSign expects revenue of $675 million to $679 million, compared with analysts’ estimates of $667 million, according to Refinitiv. For the full fiscal year, the company forecast revenue of $2.71 billion to $2.73 billion, compared with analysts’ expectations of $2.7 billion.
Last quarter, DocuSign also made a handful of strategic executives, including the appointment of a new chief financial officer, Blake Grayson, who previously served as CFO of The Trade Bureau and in other financial roles in Amazon.
The company also named a new chief product officer in Dmitry Krakowski — formerly of CP4, Google, SAP and Yahoo — and a new chief information security officer in Kurt Sauer, who previously held the same position at working day.
Correction: Alan Thigesen is the current CEO of DocuSign. A photo caption in an earlier version identified Dan Springer as CEO.