NASDAQ$DOCU
DocuSign Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
DocuSign's first quarter results reflected a solid start to the year, with traction on their strategic objectives.
DocuSign announced its Q1 fiscal year 2024 results, showcasing a 12% year-over-year increase in total revenue, reaching $661.4 million. Subscription revenue also grew by 12% to $639.3 million. The company's billings increased by 10% year-over-year, amounting to $674.8 million. GAAP net income per share was $0.00, while non-GAAP net income per diluted share was $0.72.
- Total revenue was $661.4 million, up 12% year-over-year.
- Subscription revenue reached $639.3 million, a 12% increase year-over-year.
- Billings totaled $674.8 million, reflecting a 10% year-over-year increase.
- Non-GAAP net income per diluted share was $0.72, compared to $0.38 in the same period last year.
Headline financials
Revenue & EPS history
DocuSign · Revenue · Quarterly
$661M
Revenue by segment
DocuSign · $661M total across 2 segments · Q1 2024
- Subscription$639M+12.3%96.7%
- Professional Services$22.1M+13.6%3.3%
Forward guidance
The company expects total revenue between $675 million and $679 million for the quarter ending July 31, 2023. They also anticipate subscription revenue between $658 million and $662 million, and billings between $646 million and $656 million.
Tailwinds
- Total revenue is expected to be between $675 million and $679 million.
- Subscription revenue is projected to be between $658 million and $662 million.
- Billings are anticipated to be between $646 million and $656 million.
- Non-GAAP gross margin is forecasted to be between 81% and 82%.
- Non-GAAP operating margin is expected to be between 24% and 25%.
Headwinds
- Stock-based compensation expense cannot be reasonably calculated or predicted at this time.
- Global macro-economic conditions, including inflation and market volatility, could impact financial results.
- The company's ability to compete effectively in an evolving market is subject to uncertainty.
- Data breaches or cyberattacks could negatively affect technology systems.
- Failure to manage growth and future expenses may impact profitability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-0.9%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+0.1%
Avg return
30 days after
48%
16 / 33 earnings
Positive
+27.4%
Q3 2025
Best reaction
-41.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -7.3% | -11.3% | — | |
| Q4 2026 | +1.8% | +2.6% | -3.8% | |
| Q3 2026 | -7.7% | -3.2% | -8.8% | |
| Q2 2026 | +4.7% | +3.4% | -8.5% | |
| Q1 2026 | +0.0% | +1.4% | +2.3% | |
| Q4 2025 | +14.8% | +14.6% | -0.5% | |
| Q3 2025 | +27.4% | +14.1% | +7.4% | |
| Q2 2025 | +3.1% | -5.0% | +11.2% | |
| Q1 2025 | -2.8% | -2.7% | +1.7% | |
| Q4 2024 | +6.7% | +11.5% | +13.3% | |
| Q3 2024 | +5.0% | +18.2% | +15.4% | |
| Q2 2024 | -4.9% | -12.1% | -20.2% | |
| Q1 2024 | -0.3% | -3.4% | -13.1% | |
| Q4 2023 | -24.3% | -15.5% | -14.0% | |
| Q3 2023 | +16.8% | +37.9% | +29.6% | |
| Q2 2023 | +16.1% | +10.5% | -13.3% | |
| Q1 2023 | -26.8% | -36.4% | -26.2% | |
| Q4 2022 | -23.5% | -21.8% | +4.0% | |
| Q3 2022 | -41.5% | -39.9% | -34.0% | |
| Q2 2022 | +4.3% | -1.9% | -13.3% | |
| Q1 2022 | +16.3% | +20.8% | +39.0% | |
| Q4 2021 | -1.1% | -0.7% | +0.1% | |
| Q3 2021 | +11.7% | +7.9% | +2.1% | |
| Q2 2021 | -18.4% | -22.5% | -17.7% | |
| Q1 2021 | -5.3% | -3.8% | +29.5% | |
| Q4 2020 | +3.1% | -5.4% | +20.8% | |
| Q3 2020 | +8.0% | +4.0% | +7.9% | |
| Q2 2020 | +20.1% | +27.9% | +33.2% | |
| Q1 2020 | -9.7% | -10.2% | -2.2% | |
| Q4 2019 | -2.1% | -1.7% | -4.2% | |
| Q3 2019 | -4.4% | +0.5% | -1.4% | |
| Q2 2019 | -10.8% | -16.8% | -30.2% | |
| Q1 2019 | +1.0% | +7.8% | -4.2% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro