DocuSign Q3 Revenue Beats Expectations, Moves to Profit

Like
Comment
Favorite

DocuSign Q3 Revenue Beats Expectations, Moves to Profit

Dow Jones2023-12-08

DocuSign swung to a profit as revenue grew above expectations in the latest quarter, a sign the company's turnaround efforts continue to bear fruit.

The e-signature company on Thursday reported net income of $38.8 million, or 19 cents a share, for the third quarter ended Oct. 31, from a loss of $29.9 million, or 15 cents a share, a year earlier. Adjusted earnings were 79 cents a share, above analysts' estimates of 63 cents a share.

Revenue grew to $700.4 million from $645.5 million. Analysts polled by FactSet expected $690.3 million.

Billings increased 5% from a year earlier to $691.8 million. Free cash flow surged to $240.3 million compared to $36.1 million in the same period last year.

"It's still early days. We've got a lot of work to do, but I'm feeling pretty good about the progress," said Chief Executive Allan Thygesen in an interview.

But stocks slid over 1% in extended trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2389721310?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-12-08 09:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2389721310","market":"us","top_or_hot":-1,"title":"DocuSign Q3 Revenue Beats Expectations, Moves to Profit","media":"Dow Jones","content":"<html><head></head><body><p>DocuSign swung to a profit as revenue grew above expectations in the latest quarter, a sign the company&#39;s turnaround efforts continue to bear fruit.</p><p>The e-signature company on Thursday reported net income of $38.8 million, or 19 cents a share, for the third quarter ended Oct. 31, from a loss of $29.9 million, or 15 cents a share, a year earlier. Adjusted earnings were 79 cents a share, above analysts&#39; estimates of 63 cents a share.</p><p>Revenue grew to $700.4 million from $645.5 million. Analysts polled by FactSet expected $690.3 million.</p><p>Billings increased 5% from a year earlier to $691.8 million. Free cash flow surged to $240.3 million compared to $36.1 million in the same period last year.</p><p>&#34;It&#39;s still early days. We&#39;ve got a lot of work to do, but I&#39;m feeling pretty good about the progress,&#34; said Chief Executive Allan Thygesen in an interview.</p><p>But stocks slid over 1% in extended trading.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DocuSign Q3 Revenue Beats Expectations, Moves to Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDocuSign Q3 Revenue Beats Expectations, Moves to Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-08 09:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DocuSign swung to a profit as revenue grew above expectations in the latest quarter, a sign the company's turnaround efforts continue to bear fruit.The e-signature company on Thursday reported net ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DOCU","symbol_name":"Docusign","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2389721310","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2389721310","pubTimestamp":1701999197,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"DocuSign swung to a profit as revenue grew above expectations in the latest quarter, a sign the company's turnaround efforts continue to bear fruit.The e-signature company on Thursday reported net income of $38.8 million, or 19 cents a share, for the third quarter ended Oct. 31, from a loss of $29.9 million, or 15 cents a share, a year earlier. Adjusted earnings were 79 cents a share, above analysts' estimates of 63 cents a share.Revenue grew to $700.4 million from $645.5 million. Analysts polled by FactSet expected $690.3 million.Billings increased 5% from a year earlier to $691.8 million. Free cash flow surged to $240.3 million compared to $36.1 million in the same period last year.\"It's still early days. We've got a lot of work to do, but I'm feeling pretty good about the progress,\" said Chief Executive Allan Thygesen in an interview.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DOCU":"Docusign"},"translate_title":"DocuSign第三季度收入超出预期，实现盈利","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DOCU":0.9},"content_text":"DocuSign swung to a profit as revenue grew above expectations in the latest quarter, a sign the company's turnaround efforts continue to bear fruit.The e-signature company on Thursday reported net income of $38.8 million, or 19 cents a share, for the third quarter ended Oct. 31, from a loss of $29.9 million, or 15 cents a share, a year earlier. Adjusted earnings were 79 cents a share, above analysts' estimates of 63 cents a share.Revenue grew to $700.4 million from $645.5 million. Analysts polled by FactSet expected $690.3 million.Billings increased 5% from a year earlier to $691.8 million. Free cash flow surged to $240.3 million compared to $36.1 million in the same period last year.\"It's still early days. We've got a lot of work to do, but I'm feeling pretty good about the progress,\" said Chief Executive Allan Thygesen in an interview.But stocks slid over 1% in extended trading.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}