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Apr 30, 2020
DocuSign Q1 2021 Earnings Report
DocuSign's first quarter results reflected their ability to help organizations accelerate digital transformation.
Key Takeaways
DocuSign's total revenue was $297.0 million, an increase of 39% year-over-year. Billings were $342.1 million, an increase of 59% year-over-year. Non-GAAP net income per diluted share was $0.12.
Total revenue was $297.0 million, up 39% year-over-year.
Subscription revenue was $280.9 million, up 39% year-over-year.
Billings were $342.1 million, up 59% year-over-year.
Non-GAAP net income per diluted share was $0.12.
DocuSign
DocuSign
DocuSign Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional services and other Revenue
CapyFin.com Forward Guidance
The company currently expects total revenue between $316 million and $320 million for the quarter ending July 31, 2020.
Positive Outlook
- Total revenue between $316 million and $320 million
- Subscription revenue between $298 million and $302 million
- Billings between $333 million and $343 million
- Non-GAAP gross margin 78% to 80%
- Non-GAAP interest and other income (expense) $2 to $3
Challenges Ahead
- Non-GAAP sales and marketing 48% to 50%
- Non-GAAP research and development 14% to 16%
- Non-GAAP general and administrative 9% to 11%
- Provision for income taxes $2.5 to $3.5
- Non-GAAP diluted weighted-average shares outstanding 200 to 205
Revenue & Expenses
Visualization of income flow from segment revenue to net income