On June 6, 2024, DocuSign, Inc. reported its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company announced a total revenue of $709.6 million, marking a 7% increase year-over-year, with subscription revenue contributing $691.5 million, up by 8% from the previous year. However, professional services and other revenue saw an 18% decrease to $18.2 million. DocuSign also reported a GAAP net income per share of $0.16, compared to a break-even point in the same period last year, and a non-GAAP net income per share of $0.82, up from $0.72. The company's GAAP gross margin slightly decreased to 78.9% from 79.4%, while the non-GAAP gross margin also saw a slight decrease to 82.0% from 82.6%. Additionally, DocuSign announced a $1.0 billion increase to its share...Show More

On June 6, 2024, DocuSign, Inc. reported its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company announced a total revenue of $709.6 million, marking a 7% increase year-over-year, with subscription revenue contributing $691.5 million, up by 8% from the previous year. However, professional services and other revenue saw an 18% decrease to $18.2 million. DocuSign also reported a GAAP net income per share of $0.16, compared to a break-even point in the same period last year, and a non-GAAP net income per share of $0.82, up from $0.72. The company's GAAP gross margin slightly decreased to 78.9% from 79.4%, while the non-GAAP gross margin also saw a slight decrease to 82.0% from 82.6%. Additionally, DocuSign announced a $1.0 billion increase to its share repurchase program. The company's CEO, Allan Thygesen, highlighted the launch of the DocuSign Intelligent Agreement Management platform and the acquisition of AI-based agreement technology leader Lexion. Looking forward, DocuSign provided guidance for the quarter ending July 31, 2024, with total revenue expected to be between $725 million and $729 million, and for the fiscal year ending January 31, 2025, with total revenue projected to be between $2,920 million and $2,932 million.