The DocuSign Inc application for download in the Apple App Store on a smartphone is arranged on Thursday, April 1, 2021 in Dobbs Ferry, New York, US.

DocuSign, e-signature provider, Reported decline in income and revenue for the financial quarter ended April 30, along with the announcement of some C-suite appointments and new service offerings. The company’s shares were up as much as 12% after a few hours.

Here’s how the company did it:

  • Earning: 72 cents per share, adjusted, compared with 56 cents per share expected by analysts, according to Refinitiv.
  • Income: $661 million versus the $642 million expected by analysts, according to Refinitiv.

In the first quarter of DocuSign’s 2024 fiscal year, revenue grew 12% year over year to $661 million, and subscription revenue grew by the same percentage to $639 million. In the “professional services and other” category, revenue increased 14% from the prior year period to $22 million.

DocuSign reported net income of $539,000, or zero cents per share, compared with a net loss of $27.4 million, or 14 cents per share, a year earlier.

The company announced some new products and services, including WebForms, a way for organizations to create, customize, and manage their own forms, including exporting and analyzing collected data.

DocuSign reported 1.4 million paying users and over 1 billion users as of April 30, emphasizing its international focus on investors with service in more than 180 countries and 17% international revenue growth year over year.

For the fiscal second quarter, DocuSign expects revenue of $675 million to $679 million, compared with analysts’ estimates of $667 million, according to Refinitiv. For the full fiscal year, the company forecast revenue of $2.71 billion to $2.73 billion, compared with analysts’ estimates of $2.7 billion.

DocuSign also made a handful of strategic C-suite appointments last quarter, including the appointment of a new chief financial officer, Blake Grayson, who previously served as CFO. business desk and in other finance roles Amazon.

The company also selected a new Chief Product Officer in Dmitry Krakowski – previously of CP4, Google, SAP and Yahoo – and a new Chief Information Security Officer in Kurt Sauer, who previously held the same role. working day.

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