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