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Jan 31, 2021
DocuSign Q4 2021 Earnings Report
Announced fourth quarter and fiscal year 2021 financial results, marking a year of significant growth and digital transformation acceleration.
Key Takeaways
DocuSign reported a strong fourth quarter and fiscal year 2021, with total revenue reaching $430.9 million, a 57% increase year-over-year, and billings of $534.9 million, up 46% year-over-year. The company's net loss per share was $0.38, while non-GAAP net income per diluted share was $0.37.
Total revenue increased by 57% year-over-year to $430.9 million.
Subscription revenue grew by 59% year-over-year to $410.2 million.
Billings increased by 46% year-over-year to $534.9 million.
Free cash flow was $44.0 million, compared to $15.5 million 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 $432 million and $436 million for the quarter ending April 30, 2021, and between $1.963 billion and $1.973 billion for the fiscal year ending January 31, 2022.
Positive Outlook
- Total revenue is expected to be between $432 million and $436 million for the quarter ending April 30, 2021.
- Subscription revenue is expected to be between $415 million and $419 million for the quarter ending April 30, 2021.
- Billings are expected to be between $457 million and $467 million for the quarter ending April 30, 2021.
- Non-GAAP gross margin is expected to be between 79% and 81% for the quarter ending April 30, 2021.
- Non-GAAP operating margin is expected to be between 12% and 14% for the quarter ending April 30, 2021.
Challenges Ahead
- The company has not reconciled its expectations of non-GAAP financial measures to the corresponding GAAP measures because stock-based compensation expense cannot be reasonably calculated or predicted at this time.
- A reconciliation is not available without unreasonable effort.
- Total revenue is expected to be between $1.963 billion and $1.973 billion for the fiscal year ending January 31, 2022.
- Subscription revenue is expected to be between $1.886 billion and $1.896 billion for the fiscal year ending January 31, 2022.
- Billings are expected to be between $2.260 billion and $2.280 billion for the fiscal year ending January 31, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income