DocuSign exceeds forecasts







Photo credit © UzirePictures

(Boursier.com) — DocuSign , the Californian electronic signature giant, published a better-than-expected third quarter on Wall Street last night. Adjusted earnings per share were 79 cents versus 63 cents consensus. Revenues totaled $700 million, growing 9% year-over-year. Subscription revenue was $682 million, an increase of 9%. Professional services and other revenues were $18 million, a decrease of 16%. Billings were $692 million, up 5%. Non-GAAP gross margin was stable at 83%. Cash, cash equivalents, restricted cash and investments were $1.7 billion at the end of the quarter. For the fiscal year, revenues are expected between $2.746 billion and $2.75 billion, for an adjusted operating margin of 24% to 25%.


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