DocuSign Inc (NASDAQ:DOCU) posted financial results for the first quarter of fiscal 2027 on Thursday after the close. Here’s a look at the key details from the report.
- Docusign shares are seeing increased attention. Why is DOCU stock trending?
DocuSign Q1 Highlights
Docusign posted first-quarter revenue of $830.2 million, beating the consensus estimate of $824.77 million, according to Benzinga Pro. The agreement management company reported adjusted earnings of $1.09 per share for the quarter, beating analyst estimates of 99 cents per share.
Total revenue was up 9% year-over-year. Net cash from operations totaled $321.7 million, and free cash flow came in at $289.4 million in the quarter.
Docusign said it repurchased $317.5 million of its common stock during the quarter. The company ended the period with approximately $1 billion in cash, cash equivalents and investments.
“In Q1, we saw continued growing demand for Docusign’s AI-native IAM platform with 40,000 customers investing in our rapidly expanding roadmap,” said Allan Thygesen, CEO of Docusign. “We delivered significant innovation this quarter while driving strong financial results through durable revenue growth, substantial free cash flow, and record share buybacks.”
Docusign expects second-quarter revenue to be in the range of $865 million to $869 million, versus estimates of $866.08 million. The company also raised its full-year revenue guidance from a range of $3.484 billion to $3.496 billion to a new range of $3.49 billion to $3.502 billion, versus estimates of $3.49 billion.
Docusign executives will discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.
DOCU Shares Stumble After Hours
DOCU Price Action: Docusign shares were down 4.02% in after-hours, trading at $48.85 at the time of publication on Thursday, according to Benzinga Pro.
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