DocuSign beats by $0.16, beats on revs on billings; guides Q2 revs above consensus; guides FY24 revs above consensus
- Reports Q1 (Apr) earnings of $0.72 per share, excluding non-recurring items, $0.16 better than the FactSet Consensus of $0.56; revenues rose 12.3% year/year to $661.39 mln vs the $641.69 mln FactSet Consensus.
- Co reports Q1 billings grew 10% yr/yr to $674.8 mln vs $615-625 mln prior guidance.
- Co reports Q1 non-GAAP op mgn of 27% vs 21-22% prior guidance.
- Co issues upside guidance for Q2 (Jul), sees Q2 revs of $675-679 mln vs. $668.08 mln FactSet Consensus.
- Co guides to Q2 billings of $646-656 mln.
- Co guides to Q2 non-GAAP op mgn of 24-25%.
- Co issues upside guidance for FY24, sees FY24 revs of $2.713-2.725 bln vs. $2.70 bln FactSet Consensus.
- Co raises FY24 billings guidance to $2.737-2.757 bln from $2.705-2.725 bln prior guidance.
- Co raises FY24 non-GAAP op mgn guidance to 22-24% from 21-23% prior guidance.
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