DocuSign stock tanks 18% after company cuts billings outlook

Group 1 - DocuSign's shares fell 18% following the release of stronger-than-expected earnings but a reduced full-year billings outlook [1] - In the fiscal first quarter, DocuSign reported billings of $739.6 million, which was below the $746 million expected by analysts and also lower than the company's own forecast of $741 million to $751 million [1] - The company expects billings for the current fiscal year to be between $3.28 billion and $3.34 billion, a decrease from the previous range of $3.3 billion to $3.35 billion [2] Group 2 - Adjusted earnings per share were reported at 90 cents, exceeding the expected 81 cents [3] - Revenue for the quarter was $764 million, surpassing the expected $748 million [3]