Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

Forex Daily Briefing

US Markets

Stocks To Watch

The Week Ahead



Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News


OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

DocuSign’s Earnings Top Estimates As Recovery Takes Hold

E-signature company DocuSign (DOCU) has posted better-than-expected financial results as its turnaround plan following a post-pandemic slowdown takes hold.

For its fiscal third quarter, DocuSign announced earnings per share of $0.79 U.S., which was well ahead of the $0.63 U.S. forecast on Wall Street.

Revenue in the quarter came in at $700 million U.S., up 9% from a year earlier and ahead of Wall Street consensus estimates of $690 million U.S.

The company said that its billings rose 5% from a year ago and its subscription revenue increased 9% year-over-year in the latest quarter.

Looking ahead, DocuSign said that for its 2024 fiscal year, it foresees revenue of $2.75 billion U.S. and billings of $2.85 billion U.S.

The Wall Street consensus called for revenue of $2.73 billion U.S. and billings of $2.81 billion U.S.

The guidance provided indicates growth of 9% in fiscal 2024. While strong, that’s down from the 50% growth the company experienced in 2021 during the Covid-19 pandemic.

DocuSign has been trying to recover from a marked slowdown in demand for its electronic documents coming out of the pandemic.

So far in 2023, DocuSign’s share price has declined 16% to $47.44 U.S. per share. In September 2021, the stock was trading at $310 U.S. a share.