earnings
confidence high
sentiment neutral
materiality 0.75
DocuSign Q3 revenue up 42% to $545.5M; President International Michael Sheridan departs
DOCUSIGN, INC.
2022-Q3 EPS reported
-$0.20
revenue$1,526,385,000
- Q3 revenue $545.5M (+42% YoY); subscription revenue $528.6M (+44%); non-GAAP EPS $0.58 vs $0.22.
- Billings $565.2M (+28% YoY); CEO says return to normalized buying patterns after 6 quarters of accelerated growth.
- GAAP net loss $0.03 per share (vs $0.31); free cash flow $90M from $38M; cash $908M.
- Q4 guidance: revenue $557-563M, billings $647-659M; non-GAAP op margin 17-19%.
- President International Michael Sheridan left Nov 30; severance includes 6 months base salary plus 50% bonus, RSU acceleration.