DocuSign, Inc. (DOCU) Tops Q4 EPS by 7c, Offers Q1 and FY Guidance
DocuSign, Inc. (NASDAQ: DOCU) reported Q4 EPS of $0.12, $0.07 better than the analyst estimate of $0.05. Revenue for the quarter came in at $274.9 million versus the consensus estimate of $266.49 million.
GUIDANCE:
DocuSign, Inc. sees Q1 2021 revenue of $280-284 million, versus the consensus of $275.7 million.
DocuSign, Inc. sees FY2021 revenue of $1.272-1.276 billion, versus the consensus of $1.22 billion.
The company currently expects the following guidance:
▪ Quarter ending April 30, 2020 (in millions, except percentages): | |||
Total revenue | $280 | to | $284 |
Subscription revenue | $266 | to | $270 |
Billings | $279 | to | $289 |
Non-GAAP gross margin | 78% | to | 80% |
Non-GAAP sales and marketing | 47% | to | 49% |
Non-GAAP research and development | 13% | to | 15% |
Non-GAAP general and administrative | 9% | to | 11% |
Non-GAAP interest and other income (expense) | $2 | to | $3 |
Provision for income taxes | $1.5 | to | $2.5 |
Non-GAAP diluted weighted-average shares outstanding | 195 | to  | 200 |
▪ Fiscal year ending January 31, 2021 (in millions, except percentages): | |||
Total revenue | $1,272 | to | $1,276 |
Subscription revenue | $1,210 | to | $1,214 |
Billings | $1,430 | to | $1,450 |
Non-GAAP gross margin | 78% | to | 80% |
Non-GAAP sales and marketing | 47% | to | 49% |
Non-GAAP research and development | 13% | to | 15% |
Non-GAAP general and administrative | 9% | to | 11% |
Non-GAAP interest and other income (expense) | $8 | to | $12 |
Provision for income taxes | $6 | to | $10 |
Non-GAAP diluted weighted-average shares outstanding | 195 | to | 200 |
The company has not reconciled its expectations 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 is not available without unreasonable effort.
For earnings history and earnings-related data on DocuSign, Inc. (DOCU) click here.