© Reuters.
By Liz Moyer
Investing.com – DocuSign (NASDAQ:) beat expectations for earnings and revenue in the third quarter.
Adjusted earnings per share of 57 cents were 15 cents higher than the average analyst estimate. came in at $645.5 million versus the consensus estimate of $627M and up 18.3% from the same time last year.
Shares of DocuSign jumped 16% in after-hours trading, and are down 71% so far this year.
“We delivered solid third quarter results, and are pleased with the continued progress against our critical priorities,” said Allan Thygesen, CEO of DocuSign, in a statement.
Billings rose 17% from the same time last year, to $659.4M, which is higher than previous guidance.
DocuSign forecast fourth quarter 2023 revenue of $637M to $641M. It forecast fiscal year 2023 revenue of $2.493 billion to $2.497B.
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