DocuSign Inc DOCU reported fourth-quarter financial results Thursday after the bell. Here’s a rundown of the results.
Q4 Earnings: DocuSign’s fourth-quarter revenue increased 8% year-over-year to $712.4 million, which beat the consensus estimate of $699.18 million, according to Benzinga Pro. The agreement cloud company reported quarterly earnings of 76 cents per share, which beat analyst estimates of 64 cents per share.
Billings were $833.1 million, up 13% year-over-year. Net cash from operating activities totaled $270.7 million. The company generated a free cash flow of $248.6 million in the quarter, up from $113 million in the prior year’s quarter. Gross margin came in at 79%.
DocuSign ended the quarter with $1.2 billion in cash, equivalents, restricted cash and investments.
“DocuSign ended Fiscal 2024 with momentum in product innovation, customer growth, and financial performance, including more than doubling free cash flow year-over-year,” said Allan Thygesen, CEO of DocuSign.
“The agreement management opportunity is massive, and we’re excited to deliver category-defining innovation to our 1.5 million customers in Fiscal 2025 and beyond.”
Outlook: DocuSign sees first-quarter revenue of $704 million to $708 million versus estimates of $700.06 million. The company expects fiscal year 2025 revenue between $2.915 billion and $2.927 billion versus estimates of $2.9 billion.
Management will hold a conference call to discuss these results at 5 p.m. ET.
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DOCU Price Action: DocuSign shares were up 13.40% after hours at $60.72 at the time of publication, according to Benzinga Pro.
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