DocuSign Q3 2022 Earnings Report
Key Takeaways
DocuSign announced its Q3 2022 financial results, with total revenue reaching $545.5 million, a 42% increase year-over-year. The company's operating margin exceeded expectations at 22%. DocuSign also reported having 1.11 million customers worldwide.
Total revenue was $545.5 million, up 42% year-over-year.
Subscription revenue reached $528.6 million, a 44% increase year-over-year.
Billings increased by 28% year-over-year, totaling $565.2 million.
Non-GAAP net income per diluted share was $0.58.
DocuSign
DocuSign
DocuSign Revenue by Segment
Forward Guidance
The company expects total revenue between $557 million and $563 million for the quarter ending January 31, 2022. They anticipate subscription revenue between $544 million and $550 million and billings between $647 million and $659 million. Non-GAAP gross margin is expected to be between 81% and 82%, with a non-GAAP operating margin between 17% and 19%.
Positive Outlook
- Total revenue between $557M and $563M
- Subscription revenue between $544M and $550M
- Billings between $647M and $659M
- Non-GAAP gross margin between 81% and 82%
- Non-GAAP operating margin between 17% and 19%
Revenue & Expenses
Visualization of income flow from segment revenue to net income