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Jan 31, 2023
DocuSign Q4 2023 Earnings Report
DocuSign's Q4 2023 financial results were announced, showcasing growth in key financial metrics and progress in strategic priorities.
Key Takeaways
DocuSign announced its Q4 and Fiscal Year 2023 financial results, with total revenue reaching $659.6 million, a 14% increase year-over-year. The company also reported a GAAP net income per diluted share of $0.02 and a non-GAAP net income per diluted share of $0.65. Billings were $739.0 million, up 10% year-over-year.
Total revenue increased by 14% year-over-year, reaching $659.6 million.
Subscription revenue grew by 14% year-over-year, amounting to $643.7 million.
Billings increased by 10% year-over-year, totaling $739.0 million.
Non-GAAP net income per diluted share was $0.65, compared to $0.48 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 $639 million and $643 million and subscription revenue between $625 million and $629 million for the quarter ending April 30, 2023. They also expect billings between $615 million and $625 million, a non-GAAP gross margin between 81% and 82%, and a non-GAAP operating margin between 21% and 22%.
Positive Outlook
- Total revenue is expected to be between $639 million and $643 million.
- Subscription revenue is projected to be between $625 million and $629 million.
- Billings are anticipated to be between $615 million and $625 million.
- Non-GAAP gross margin is forecasted to be between 81% and 82%.
- Non-GAAP operating margin is expected to be between 21% and 22%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income