Earnings Details
DocuSign (NASDAQ:DOCU) slides 4.3% after hours following the upside Q3 report with a Q4 forecast that sees revenue above consensus at $263-267M.
For FY, DOCU sees revenue of $962-966M.
Q3 billings were up 36% Y/Y to $269.4M, beating the consensus by $1M.
Subscription revenue was up 41% to $238M, and professional services increased 28% to $11.4M.
Negative FCF was $14.1M versus the $4.3M loss in last year's quarter.
Short interest 9%
Company profile
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
DocuSign (NASDAQ:DOCU) slides 4.3% after hours following the upside Q3 report with a Q4 forecast that sees revenue above consensus at $263-267M.
For FY, DOCU sees revenue of $962-966M.
Q3 billings were up 36% Y/Y to $269.4M, beating the consensus by $1M.
Subscription revenue was up 41% to $238M, and professional services increased 28% to $11.4M.
Negative FCF was $14.1M versus the $4.3M loss in last year's quarter.
Short interest 9%
Company profile
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.