DocuSign Exceeds Expectations with Non-GAAP EPS of $0.72 and Revenue of $661.39M
June 12, 2023
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DOCUSIGN ($NASDAQ:DOCU): DocuSign Inc. is a provider of electronic signature technology and digital transaction management services. The company recently reported a Non-GAAP Earnings Per Share (EPS) of $0.72 and revenue of $661.39M, which has exceeded analysts’ estimates. The Non-GAAP EPS exceeded expectations by $0.16 and the revenue surpassed expectations by $19.73M. This impressive performance was driven by strong growth in the company’s subscription and professional services revenue and their higher than expected customer retention rates.
The company recently announced the launch of their next generation eSignature product, DocuSign Agreement Cloud, and customers have responded positively to this new offering. As a result of this positive performance, the company’s share price has increased significantly in recent months. With this impressive performance, DocuSign appears to be well-positioned for continued success in the future.
Earnings
In its earning report of FY2023 Q4 ending January 31 2021, DOCUSIGN achieved impressive results. Revenue also increased significantly from $430.9M to $661.39M USD, representing a 25.8% year-over-year growth. Over the last 3 years, DOCUSIGN has seen an impressive increase in total revenue from $430.9M USD to $659.58M USD. Despite this substantial growth in revenue, DOCUSIGN experienced a loss of 72.41M USD in net income during the same period.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Docusign. DocuSign_Exceeds_Expectations_with_Non-GAAP_EPS_of_0.72_and_Revenue_of_661.39M”>More…
| Total Revenues | Net Income | Net Margin |
| 2.59k | -69.19 | -1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Docusign. DocuSign_Exceeds_Expectations_with_Non-GAAP_EPS_of_0.72_and_Revenue_of_661.39M”>More…
| Operations | Investing | Financing |
| 544.11 | -120.87 | -120.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Docusign. DocuSign_Exceeds_Expectations_with_Non-GAAP_EPS_of_0.72_and_Revenue_of_661.39M”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.13k | 2.38k | 3.7 |
Key Ratios Snapshot
Some of the financial key ratios for Docusign are shown below. DocuSign_Exceeds_Expectations_with_Non-GAAP_EPS_of_0.72_and_Revenue_of_661.39M”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.8% | – | -2.2% |
| FCF Margin | ROE | ROA |
| 18.1% | -5.2% | -1.1% |
Stock Price
On Thursday, DOCUSIGN stock opened at $56.6 and closed at $58.5, up by 2.2% from prior closing price of 57.2. This was fueled by the company’s non-GAAP Earnings Per Share (EPS) of $0.72 and a revenue of $661.39 million, both of which exceeded analyst estimates. Live Quote…
Analysis
At GoodWhale, we have completed an analysis of DOCUSIGN‘s financials. Our Risk Rating has determined that DOCUSIGN is a medium risk investment in terms of financial and business aspects. As part of our analysis we detected two risk warnings in DOCUSIGN’s balance sheet (non-financial). If you would like to know more about these risk warnings, please register with us and we will be happy to provide further details. More…
Peers
The company has a number of competitors, including Adobe Inc, Microsoft Corp, and Monday.Com Ltd.
– Adobe Inc ($NASDAQ:ADBE)
Adobe Inc. is an American multinational computer software company headquartered in San Jose, California. The company has a market cap of 153.82B as of 2022 and a ROE of 26.76%. Adobe Inc. develops, manufactures, and markets computer software products and services. The company’s products include Creative Cloud, Photoshop, Illustrator, InDesign, Premiere Pro, After Effects, and Dreamweaver. Creative Cloud is a subscription-based service that provides access to Adobe’s creative products. Photoshop is a raster graphics editor used for photo editing, graphic design, and web design. Illustrator is a vector graphics editor used for illustrations, logos, and branding. InDesign is a page layout and typesetting application used for print and digital publishing. Premiere Pro is a video editing software used for film, television, and online video. After Effects is a digital visual effects and motion graphics software used in film and television post-production. Dreamweaver is a web development application used for creating and editing websites.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.8 trillion and a ROE of 31.9%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
– Monday.Com Ltd ($NASDAQ:MNDY)
Monday.com Ltd is a publicly traded company with a market capitalization of 4.36 billion as of 2022. The company has a return on equity of -16.81%. Monday.com Ltd is a provider of enterprise software solutions. The company’s products are used by organizations to manage their businesses and processes. Monday.com Ltd’s products are used by a variety of industries, including healthcare, retail, manufacturing, and logistics. The company has a presence in a number of countries, including the United States, Canada, the United Kingdom, and Australia.
Summary
Additionally, their revenue totaled $661.39 million, beating expectations by $19.73 million. This shows that DOCUSIGN is continuing to expand at a rapid rate. Going forward, investors will be watching to see if the company can sustain this strong growth and continue to meet or exceed expectations.
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