Loading...
•
Apr 30, 2023
DocuSign Q1 2024 Earnings Report
DocuSign's first quarter results reflected a solid start to the year, with traction on their strategic objectives.
Key Takeaways
DocuSign announced its Q1 fiscal year 2024 results, showcasing a 12% year-over-year increase in total revenue, reaching $661.4 million. Subscription revenue also grew by 12% to $639.3 million. The company's billings increased by 10% year-over-year, amounting to $674.8 million. GAAP net income per share was $0.00, while non-GAAP net income per diluted share was $0.72.
Total revenue was $661.4 million, up 12% year-over-year.
Subscription revenue reached $639.3 million, a 12% increase year-over-year.
Billings totaled $674.8 million, reflecting a 10% year-over-year increase.
Non-GAAP net income per diluted share was $0.72, compared to $0.38 in the same period last year.
DocuSign
DocuSign
DocuSign Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional services and other Revenue
CapyFin.com Forward Guidance
The company expects total revenue between $675 million and $679 million for the quarter ending July 31, 2023. They also anticipate subscription revenue between $658 million and $662 million, and billings between $646 million and $656 million.
Positive Outlook
- Total revenue is expected to be between $675 million and $679 million.
- Subscription revenue is projected to be between $658 million and $662 million.
- Billings are anticipated to be between $646 million and $656 million.
- Non-GAAP gross margin is forecasted to be between 81% and 82%.
- Non-GAAP operating margin is expected to be between 24% and 25%.
Challenges Ahead
- Stock-based compensation expense cannot be reasonably calculated or predicted at this time.
- Global macro-economic conditions, including inflation and market volatility, could impact financial results.
- The company's ability to compete effectively in an evolving market is subject to uncertainty.
- Data breaches or cyberattacks could negatively affect technology systems.
- Failure to manage growth and future expenses may impact profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income