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DocuSign stock gains after digital rush deliver positive earnings and outlook



DocuSign Inc. stock rose slightly in Thursday’s extended session after the company slightly exceeded expectations with its second quarter fiscal year results and given an optimistic outlook.

DocuSign DOCU shares,
-8.73%
, which allows businesses and individuals to electronically sign documents, rose about 1% after close of trading Thursday after falling 8.7% in the regular session.

The company recorded a net loss of $ 64.6 million, or 35 cents per share, compared to a loss of $ 68.6 million, or 39 cents per share, for the year-ago quarter. Adjusted for stock-based payments and a few other expenses, DocuSign made an adjusted 1

7 cents per share compared to 1 cent per share a year earlier. Analysts tracked by FactSet modeled 8 cents per share of adjusted EPS.

DocuSign revenue increased from $ 235.6 million to $ 342.2 million, above the FactSet consensus of $ 319 million. The company had revenues of $ 323.6 million with subscription services and $ 18.6 million with professional services.

The company’s billing for the quarter was $ 405.7 million, compared to $ 252.4 million a year earlier. The FactSet consensus called for $ 339.6 million.

“We are only scratching the surface of our cloud opportunity agreement and believe that we will increasingly become an indispensable cloud software platform for companies of all sizes,” said CEO Dan Springer in a press release, referring to the company’s efforts with Dealing with the broader elements of contract management beyond getting signatures.

For the current period, DocuSign expects revenues of $ 358 to 362 million and bills of $ 380 to 390 million, while analysts expected $ 335 million and $ 361.7 million, respectively.

For the full fiscal year ending January, DocuSign models total revenue from $ 1.384 billion to $ 1.388 billion and bills from $ 1.623 billion to $ 1.643 billion. Analysts looked for revenue of $ 1.317 billion and bills of $ 1.529 billion.

DocuSign stock has been a big winner in the face of the pandemic as the crisis increased the need for digital services. The shares of the S&P 500 SPX have soared 227% so far this year.
-3.51%
won 7%.


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