Digital document workflow pioneer DocuSign reported improved Q2 revenue and profit, beating Wall Street’s estimates, according to a press release by DocuSign on Thursday.
- CEO Dan Springer stated that the company was adopting and expanding new and existing customers at a record pace, with 58% YoY Q1 revenue growth and one million customers signed to the DocuSign platform.
- Revenue for the quarter ended in July jumped 50%, YoY, to $511.8 million, generating a net profit of $0.47 per share, excluding certain costs.
- DocuSign stated that its billings in the quarter that combined deferred revenue that had been invoiced and reported revenue increased by 47% to $595.4 million.
- For the current quarter, the company expects revenues of $526 million to $532 million compared to a consensus of $522.
For the full year, the company expects revenue to range between $2.078 billion to $2.088 billion, up from a prior forecast of $2.027 billion to $2.039 billion, and also higher than a consensus of $2.05 billion. DOCU up 2.24%, Pre-market trading.