DocuSign (DOCU) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.65%. A quarter ago, it was expected that this provider of electronic signature technology would post earnings of $0.80 per share when it actually produced earnings of $0.97, delivering a surprise of 21.25%.Over the last ...

Revenue and Billings - Total revenue for Q3 FY2025 was $754.8 million, an 8% year-over-year increase[3] - Subscription revenue for Q3 FY2025 was $734.7 million, an 8% year-over-year increase[3] - Billings for Q3 FY2025 were $752.3 million, a 9% year-over-year increase[4] - Total revenue for the three months ended October 31, 2024, was $754.8 million, compared to $700.4 million in the same period in 2023, representing a 7.8% increase[32] - Subscription revenue for the three months ended October 31, 2024, was $734.7 million, up 7.7% from $682.4 million in the same period in 2023[32] - Revenue for the three months ended October 2024 was $754.8 million, an increase from $700.4 million in the same period in 2023[52] - Non-GAAP billings for the three months ended October 2024 were $752.3 million, up from $691.8 million in the same period in 2023[52] - Revenue for the nine months ended October 2024 was $2.2 billion, compared to $2.05 billion in the same period in 2023[52] - Non-GAAP billings for the nine months ended October 2024 were $2.19 billion, up from $2.08 billion in the same period in 2023[52] Net Income and Earnings Per Share - GAAP net income per diluted share for Q3 FY2025 was $0.30, compared to $0.19 in the same period last year[5] - Net income for the three months ended October 31, 2024, was $62.4 million, compared to $38.8 million in the same period in 2023, a 60.8% increase[32] - Net income for the three months ended October 31, 2024, was $62.4 million, up from $38.8 million in the same period in 2023[39] - GAAP net income for Q3 2024 was $62.4 million, compared to $38.8 million in Q3 2023[49] - Non-GAAP net income for Q3 2024 was $188.5 million, up from $163.8 million in Q3 2023[49] - GAAP net income per diluted share for Q3 2024 was $0.30, compared to $0.19 in Q3 2023[49] - Non-GAAP net income per diluted share for Q3 2024 was $0.90, up from $0.79 in Q3 2023[49] Cash Flow and Financial Position - Free cash flow for Q3 FY2025 was $210.7 million, compared to $240.3 million in the same period last year[5] - Total current assets as of October 31, 2024, were $1.33 billion, down from $1.57 billion as of January 31, 2024[35] - Cash and cash equivalents as of October 31, 2024, were $610.9 million, compared to $797.1 million as of January 31, 2024[35] - Total liabilities as of October 31, 2024, were $1.78 billion, down from $1.84 billion as of January 31, 2024[35] - Stockholders' equity as of October 31, 2024, was $1.99 billion, up from $1.13 billion as of January 31, 2024[35] - Net cash provided by operating activities for the three months ended October 31, 2024, was $234.3 million, compared to $264.2 million in the same period in 2023[39] - Cash, cash equivalents, and restricted cash at the end of the period on October 31, 2024, were $620.8 million, down from $1.19 billion on October 31, 2023[39] - Non-GAAP free cash flow for Q3 2024 was $210.7 million, down from $240.3 million in Q3 2023[49] - Net cash provided by operating activities for Q3 2024 was $234.3 million, down from $264.2 million in Q3 2023[49] Expenses and Profit Margins - GAAP gross profit for the three months ended October 31, 2024, was $598.3 million, compared to $557.8 million in the same period in 2023[43] - Non-GAAP gross profit for the three months ended October 31, 2024, was $622.4 million, up from $581.4 million in the same period in 2023[43] - GAAP subscription gross profit for the three months ended October 31, 2024, was $600.1 million, compared to $568.1 million in the same period in 2023[43] - Non-GAAP subscription gross profit for the three months ended October 31, 2024, was $619.1 million, up from $584.2 million in the same period in 2023[43] - GAAP professional services and other gross loss for the three months ended October 31, 2024, was $(1.8) million, compared to $(10.3) million in the same period in 2023[43] - Non-GAAP professional services and other gross profit for the three months ended October 31, 2024, was $3.3 million, compared to $(2.8) million in the same period in 2023[43] - GAAP sales and marketing expenses for Q3 2024 were $290.6 million, a slight decrease from $292.5 million in Q3 2023[46] - Non-GAAP sales and marketing expenses as a percentage of revenue decreased to 31.3% in Q3 2024 from 33.6% in Q3 2023[46] - GAAP research and development expenses increased to $151.1 million in Q3 2024, up from $136.6 million in Q3 2023[46] - Non-GAAP operating margin improved to 29.6% in Q3 2024 from 26.8% in Q3 2023[46] Product and Market Developments - Docusign announced new capabilities for its Intelligent Agreement Management (IAM) platform, including Docusign Navigator and global expansion of IAM with Maestro and App Center[6] - Docusign was named a Leader in the 2024 Gartner Magic Quadrant for Contract Life Cycle Manager report for the fifth consecutive year[9] - Docusign held its first-ever agreement management ecosystem event, Docusign Discover 2024, showcasing IAM integrations with Microsoft, SAP, and Workday[10] Guidance and Future Outlook - Guidance for Q4 FY2025 includes total revenue of $758 to $762 million and billings of $870 to $880 million[11] - Guidance for FY2025 includes total revenue of $2,959 to $2,963 million and billings of $3,056 to $3,066 million[11] Contract and Billing Details - Billings reflect sales to new customers plus subscription renewals and additional sales to existing customers, with amounts invoiced to customers in a given period included in billings[28] - Most customers pay in annual installments one year in advance, with the company recognizing a majority of the related revenue ratably over time[28] - The company uses billings to measure and monitor its ability to provide working capital generated by upfront payments from customers[28] - Contract liabilities and refund liability at the end of the period for the three months ended October 2024 were $1.33 billion, compared to $1.23 billion in the same period in 2023[52] - Contract assets and unbilled accounts receivable at the end of the period for the three months ended October 2024 were $18.3 million, down from $25.3 million in the same period in 2023[52] - Contract assets and unbilled accounts receivable by acquisitions for the nine months ended October 2024 were $53,000, compared to none in the same period in 2023[52] - Contract liabilities and refund liability contributed by acquisitions for the nine months ended October 2024 were $5.07 million, compared to none in the same period in 2023[52] Stock-Based Compensation - Stock-based compensation expense for the three months ended October 31, 2024, was $153.2 million, slightly down from $159.4 million in the same period in 2023[39]

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...

Docusign, Inc. (DOCU) will report its third-quarter fiscal 2025 results on Thursday after the bell.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at 86 cents, indicating 8.9% growth from the year-ago reported quarter. The consensus estimate for revenues stands at $744.3 million, implying 6.3% year-over-year growth. There has been no change in analyst estimates or revisions lately.Image Source: Zacks Investment ResearchThe company has an impressive earnings surprise history. E ...

The upcoming report from DocuSign (DOCU) is expected to reveal quarterly earnings of $0.86 per share, indicating an increase of 8.9% compared to the year-ago period. Analysts forecast revenues of $744.31 million, representing an increase of 6.3% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Ahead of a company's earnings disclosure, it i ...

Since I published my bullish view on DocuSign, Inc. (NASDAQ: DOCU ) in July 2024, the stock price has surged by more than 59%. In my previous article, I highlighted its Intelligent Agreement Management platform. DocuSign delivered a 7% growth in revenue withAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am n ...

DocuSign, Inc. (DOCU) has experienced a remarkable 20.3% increase in its stock price over the past month, outpacing the broader industry’s 6.7% growth.Image Source: Zacks Investment ResearchAt the latest trading session, DOCU shares closed at $83, nearing their 52-week high of $83.68. The stock is also trading above its 50-day moving average, reflecting strong bullish sentiment among investors.Image Source: Zacks Investment ResearchWhile this momentum may entice potential buyers, is now the right time to in ...

World's First Developer Event Focused on Agreements Showcases Next-Generation InnovationSAN FRANCISCO, Nov. 20, 2024 /PRNewswire/ -- Today, Docusign [NASDAQ: DOCU] hosted its inaugural Docusign Discover event, unveiling Docusign for Developers, a powerful suite of tools and resources designed for developers, partners, and entrepreneurs to revolutionize agreement management. This launch makes it possible for businesses to integrate, extend, and scale solutions on the Docusign Intelligent Agreement Management ...

DocuSign, Inc. (DOCU) has had an impressive run on the bourses in the year-to-date period. Shares of the company have gained 35.2%, outperforming the 30.7% rally of the industry and the 26% rise of the Zacks S&P 500 composite.DOCU has an impressive Growth Score of B. This style score condenses all the essential metrics from the company’s financial statements to get the true sense of the quality and sustainability of its growth.The company’s earnings for fiscal 2025 and 2026 are expected to improve 15.8% and ...

SAN FRANCISCO, Nov. 14, 2024 /PRNewswire/ -- Docusign (Nasdaq: DOCU) today announced that its third quarter fiscal 2025 results will be released on Thursday, December 5, 2024, after the close of the market. The company will host a conference call at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time) to discuss its financial results. A live webcast of the event will be available on the Docusign Investor Relations website at investor.docusign.com. A live dial-in will be available domestically a ...