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Jul 31, 2020
DocuSign Q2 2021 Earnings Report
DocuSign reported financial results for the fiscal quarter ended July 31, 2020.
Key Takeaways
DocuSign's total revenue for the quarter was $342.2 million, a 45% increase year-over-year, with billings increasing by 61% year-over-year.
Total revenue was $342.2 million, an increase of 45% year-over-year.
Subscription revenue was $323.6 million, an increase of 47% year-over-year.
Billings were $405.7 million, an increase of 61% year-over-year.
Non-GAAP net income per diluted share was $0.17.
Revenue by Segment
Forward Guidance
The company expects total revenue between $358 million and $362 million for the quarter ending October 31, 2020.
Positive Outlook
- Total revenue between $358 million and $362 million
- Subscription revenue between $343 million and $347 million
- Billings between $380 million and $390 million
- Non-GAAP gross margin between 78% and 80%
- Non-GAAP sales and marketing between 46% and 48%
Challenges Ahead
- Non-GAAP research and development between 14% and 16%
- Non-GAAP general and administrative between 9% and 11%
- Non-GAAP interest and other income (expense) between $(1) and $1 million
- Provision for income taxes between $2 and $3 million
- Non-GAAP diluted weighted-average shares outstanding between 200 and 205 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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