===DocuSign (DOCU) reported earnings on Thu 9 March 23 (a/h)

 

DocuSign beats by $0.13, beats on revs, beats on billings; guides Q1 revs in-line; guides FY24 revs above consensus; CFO will step down in the coming months 

• Reports Q4 (Jan) earnings of $0.65 per share, excluding non-recurring items, $0.13 better than the S&P Capital IQ Consensus of $0.52; revenues rose 13.6% year/year to $659.58 mln vs the $639.49 mln S&P Capital IQ Consensus.
  • Billings rose 10% yr/yr to $739 mln, above prior guidance of $705-715 mln.
  • Non-GAAP operating margin was 24% vs 18% last year and above prior guidance of 20-22%.
• Co issues in-line guidance for Q1 (Apr), sees Q1 revs of $639-643 mln vs. $639.77 mln S&P Capital IQ Consensus. Co guides to Q1 billings of $615-625 mln. Co guides to Q1 non-GAAP op mgn of 21-22%.
• Co issues upside guidance for FY24, sees FY24 revs of $2.695-2.707 bln vs. $2.69 bln S&P Capital IQ Consensus. Co guides to FY24 billings of $2.705-2.725 bln.
• Co also announces that CFO Cynthia Gaylor will step down in the coming months. Co has initiated a search for her replacement. Co says her departure is not a result of any disagreement regarding the company's financial
  statements or disclosures.