DocuSign Q4 2023 Earnings Report
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
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