DocuSign Inc. (DOCU) Misses Q1 EPS by 8c, Offers Q2 and FY Guidance
DocuSign Inc. (NASDAQ: DOCU) reported Q1 EPS of $0.38, $0.08 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $588.7 million versus the consensus estimate of $581.71 million.
GUIDANCE:
DocuSign Inc. sees Q2 2023 revenue of $600-604 million, versus the consensus of $601.7 million.
DocuSign Inc. sees FY2023 revenue of $2.47-2.48 billion, versus the consensus of $2.48 billion.
Outlook
The company currently expects the following guidance:
Total revenue | $600 | to | $604 |
Subscription revenue | $583 | to | $587 |
Billings | $599 | to | $609 |
Non-GAAP gross margin | 79% | to | 81% |
Non-GAAP operating margin | 16% | to | 18% |
Non-GAAP diluted weighted-average shares outstanding | 205 | to | 210 |
Total revenue | $2,470 | to | $2,482 |
Subscription revenue | $2,394 | to | $2,406 |
Billings | $2,521 | to | $2,541 |
Non-GAAP gross margin | 79% | to | 81% |
Non-GAAP operating margin | 16% | to | 18% |
Provision for income taxes | $7 | to | $11 |
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.