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DocuSign Inc. (DOCU) Tops Q4 EPS by 1c, Guidance Misses

March 10, 2022 4:07 PM EST

DocuSign Inc. (NASDAQ: DOCU) reported Q4 EPS of $0.48, $0.01 better than the analyst estimate of $0.47. Revenue for the quarter came in at $580.8 million versus the consensus estimate of $561.47 million.

GUIDANCE:

DocuSign Inc. sees Q1 2023 revenue of $579-583 million, versus the consensus of $594.4 million.

DocuSign Inc. sees FY2023 revenue of $2.47-2.482 billion, versus the consensus of $2.61 billion.

Outlook

The company currently expects the following guidance:

Quarter ending April 30, 2022 (in millions, except percentages):

Total revenue

$579

to

$583

Subscription revenue

$562

to

$566

Billings

$573

to

$583

Non-GAAP gross margin

79%

to

81%

Non-GAAP operating margin

16%

to

18%

Non-GAAP diluted weighted-average shares outstanding

205

to

210

Fiscal year ending January 31, 2023 (in millions, except percentages):

Total revenue

$2,470

to

$2,482

Subscription revenue

$2,394

to

$2,406

Billings

$2,706

to

$2,726

Non-GAAP gross margin

79%

to

81%

Non-GAAP operating margin

16%

to

18%

Provision for income taxes

$4

to

$8

Non-GAAP diluted weighted-average shares outstanding

205

to

210

The company has not reconciled its guidance of non-GAAP financial measures to the corresponding GAAP measures because stock-based compensation expense cannot be reasonably calculated or predicted at this time. Accordingly, a reconciliation has not been provided.

For earnings history and earnings-related data on DocuSign Inc. (DOCU) click here.



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