DocuSign, Inc

DOCU NASDAQ
DOCU
DocuSign, Inc NASDAQ
 
Upcoming Earnings
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Upcoming Earnings
EPS
Market Cap
Div Yield
P/E

History of DOCU

Important events

Jun 072021

Docusign celebrates Q1 earnings blowout

It's time to party, as shares of e-signature leader DocuSign surge a solid 20% on the back of some stellar first quarter earnings.

DocuSign lifted just under 20% on Friday and carried on the upwards trend into this week with a further 3.31% jump on Monday after beating on the top and bottom lines of its latest earnings. The tech company reported earnings of $0.44 per share, which is way ahead of expectations of $0.28 per share, and represented a magnificent 267% increase from the same period the year before. Revenues also skyrocketed 58% year over year to $469.1 million, outpacing expectations of $437.6 million. For the cherry on top, the company continues to crank out the cash and saw its operating cash flow increase 129%. All in all, a pretty impressive quarter for the leading e-signature player.

Investors coming into earnings were cautious that last quarter's billings growth might indicate a slowdown, but continued new customer additions and existing customer usage delivered another quarter of revenue acceleration. There were plenty of highlights and very little to pick on in the quarter

said J.P. Morgan in an analyst note.

DocuSign has thrived under the work-from-home restrictions that COVID imposed on the world thanks to its digital agreement technology, so it’s reassuring to see the upwards trend continue in a (nearly) post-pandemic world.

We believe that DOCU is in a sweet spot to continue to receive significant customer spending given its unique solution with an e-signature shift that has likely permanently changed among enterprises moving forward (and is not just a WFH pull forward)

Wedbush said in an analyst note.