DocumentSign stock gains boost earnings after digital rush

Documents Inc. Shares gained slightly in the extended session on Thursday, as the company easily topped expectations with its fiscal second quarter results and gave an upbeat outlook.
Document share DOCU,
, Which enables businesses and individuals to sign documents electronically, was up about 1% after Thursday’s trade, falling 8.7% in the regular session.

The company reported a net loss of $ 64.6 million, a loss of $ 68.6 million, or 39 cents per share, in the year-ago quarter. After adjusting for stock-based compensation and some other expenses, DocumentSign earned an adjusted 17 cents share from a share a year earlier. Analysts tracked by FactSet accounted for 8 cents in adjusted EPS.
DocumentSign’s revenue climbed to $ 342.2 million from $ 235.6 million and topped FactSet’s consensus of $ 319 million. The company saw revenue of $ 323.6 million from subscription services and $ 18.6 million from professional services.

The company’s bill for the quarter was $ 405.7 million, up from $ 252.4 million a year earlier. FactSet Consent called for $ 339.6 million.
“We are scratching the surface of our agreement opportunity and are confident that we are becoming an essential cloud-software platform for organizations of all sizes,” Chief Executive Officer Dan Springer said in a release. Contract management, beyond obtaining signatures.
For the current period, the documents expect bill proceeds of $ 358 million to $ 362 million and $ 380 million to $ 390 million, while analysts were expecting $ 335 million and $ 361.7 million, respectively.
Looking at the full fiscal year ending in January, DocumentSign has total revenue of $ 1.384 billion to $ 1.388 billion and $ 1.623 billion to $ 1.643 billion. Analysts were looking for $ 1.317 billion in revenue and $ 1.529 billion in Billings.
The stock of documents has been a big winner amid the epidemic as the crisis has driven a greater need for digital services. Its shares have gained 227% this year as the S&P 500 SPX,
Has risen 7%.


Leave a Reply

Your email address will not be published.