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DocuSign
🇺🇸 NASDAQ:DOCU
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•
Oct 31, 2022

DocuSign Q3 2023 Earnings Report

Delivered solid third quarter results, and pleased with the continued progress against critical priorities.

Key Takeaways

DocuSign announced its Q3 fiscal year 2023 financial results, with total revenue of $645.5 million, an increase of 18% year-over-year, and billings of $659.4 million, an increase of 17% year-over-year.

Total revenue was $645.5 million, an increase of 18% year-over-year.

Subscription revenue was $624.1 million, an increase of 18% year-over-year.

Billings were $659.4 million, an increase of 17% year-over-year.

Non-GAAP net income per diluted share was $0.57.

Total Revenue
$645M
Previous year: $545M
+18.3%
EPS
$0.57
Previous year: $0.58
-1.7%
Total Billings
$659M
Previous year: $565M
+16.7%
Gross Profit
$516M
Previous year: $429M
+20.1%
Cash and Equivalents
$633M
Previous year: $504M
+25.5%
Free Cash Flow
$36.1M
Previous year: $90M
-59.9%
Total Assets
$2.73B
Previous year: $2.41B
+13.3%

DocuSign

DocuSign

DocuSign Revenue by Segment

Forward Guidance

The company currently expects the following guidance: â–ªQuarter ending January 31, 2023 (in millions, except percentages):Total revenue$637to$641Subscription revenue$624to$628Billings$705to$715Non-GAAP gross margin82%to83%Non-GAAP operating margin20%to22%Non-GAAP diluted weighted-average shares outstanding205to210

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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