DocuSign Q1 Loss Narrows

DocuSign, Inc. (DOCU), Thursday reported first-quarter net loss of $8.4 million or $0.04 per share, narrower than last year's loss of $47.8 million or $0.26 per share last year.

Adjusted earnings for the quarter were $0.44 per share, up from $0.12 per share last year.

Revenue for the quarter increased 58% to $469.1 million from $297.0 million last year. Subscription revenue gained 61% to $451.9 million, while Professional services and other revenue rose 7% to $17.1 million.

Analysts polled by Thomson Reuters expected earnings of $0.28 per share on revenues of $437.81 million.

Billings were $527.4 million, an increase of 54% year-over-year. Gross margin was 78% compared to 75% in the same period last year.

Looking forward to the second quarter, the computer expects revenues of $479 million to $485 million. Analysts currently estimate revenues of $473.68 million.

For the full year 2022, the company expects revenues of $2.03 billion to $2.04 billion. Analysts currently estimate revenues of $1.98 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Apple Inc. (AAPL) jumped nearly 5% in extended trading session on Thursday after the California-based tech giant reported first-quarter results, with both earnings and revenues trumping Wall Street's expectations, driven by strong demand for its latest iPhone 13 and other services. Apple... The U.S. Food and Drug Administration has revised the authorizations for two monoclonal antibody treatments - bamlanivimab and etesevimab (administered together) and REGEN-COV (casirivimab and imdevimab) - to limit their use to only when the patient is likely to have been infected with or exposed to a variant that is susceptible to these treatments. Comcast Corp. (CMCSA, CMCSK) on Thursday reported that net income attributable to Comcast for the quarter decreased 9.6 percent to $3.06 billion or $0.66 per share from $3.38 billion or $0.73 per share in the year-ago quarter. Excluding items, adjusted earnings for the quarter were $0.77, compared to...
Follow RTT