DocuSign reported better-than-expected fiscal first quarter results.
The electronic signature solutions company’s first-quarter revenue surged 58% year-over-year to $469.1 million, beating FactSet consensus for $437.6 million.
The company’s adjusted earnings came in at 44 cents a share, compared to FactSet consensus of 28 cents.
Billings rose 54% year-over-year to $527.4 million, surpassing FactSet estimate of $466.7 million.
GAAP gross-profit margin widened 3 percentage points to 78%.
For the fiscal second quarter, DocuSign is expecting revenue in the range of $479 million to $485 million – compared to $474.2 million predicted by analysts polled by FactSet.
For full fiscal year 2022, the company projects revenue in the range of $2.03 billion to $2.04 billion, while FactSet's survey estimates $1.99 billion.