DocuSign stocks win after digital rush for optimistic earnings and outlook


Shares of DocuSign Inc. rose slightly in Thursday’s extended session after the company easily beat expectations with its second quarter tax results and gave a bullish outlook.
Actions de DocuSign DOCU,
, which allows businesses and individuals to sign documents electronically, rose about 1% on Thursday after falling 8.7% in regular meeting.

The company posted 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, in the prior year quarter. After adjusting for stock-based compensation and certain other expenses, DocuSign earned 17 adjusted cents per share, down from 1 cent per share a year earlier. Analysts tracked by FactSet modeled 8 cents per share in adjusted EPS.
DocuSign revenue climbed to $ 342.2 million from $ 235.6 million and topped the FactSet consensus by $ 319 million. The company generated sales of $ 323.6 million from subscription services and $ 18.6 million from professional services.

The company’s billing for the quarter was $ 405.7 million, down from $ 252.4 million a year earlier. The FactSet consensus called for $ 339.6 million.
“We are only scratching the surface of our Agreement Cloud opportunity and believe that we are increasingly becoming an essential cloud software platform for organizations of all sizes,” CEO Dan Springer said in a statement, saying reference to the company’s efforts to manage the larger elements. contract management, beyond obtaining signatures.
For the current period, DocuSign is forecasting revenue of $ 358 million to $ 362 million and billings of $ 380 million to $ 390 million, while analysts expected $ 335 million and $ 361.7 million, respectively.
Looking at the full fiscal year that ends in January, DocuSign models total revenue of $ 1.384 billion to $ 1.388 billion and billings of $ 1.623 billion to $ 1.643 billion. Analysts were looking for $ 1.317 billion in revenue and $ 1.529 billion in billing.
DocuSign’s stock has been a big winner amid the pandemic as the crisis has resulted in an increased need for digital services. Its shares have risen 227% so far this year under the S&P 500 SPX name,
gained 7%.


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