Docusign celebrates Q1 earnings blowoutIt's time to party, as shares of e-signature leader DocuSign surge a solid 20% on the back of some stellar first quarter earnings.
DocuSign lifted just under 20% on Friday and carried on the upwards trend into this week with a further 3.31% jump on Monday after beating on the top and bottom lines of its latest earnings. The tech company reported earnings of $0.44 per share, which is way ahead of expectations of $0.28 per share, and represented a magnificent 267% increase from the same period the year before. Revenues also skyrocketed 58% year over year to $469.1 million, outpacing expectations of $437.6 million. For the cherry on top, the company continues to crank out the cash and saw its operating cash flow increase 129%. All in all, a pretty impressive quarter for the leading e-signature player.
said J.P. Morgan in an analyst note.
DocuSign has thrived under the work-from-home restrictions that COVID imposed on the world thanks to its digital agreement technology, so it’s reassuring to see the upwards trend continue in a (nearly) post-pandemic world.
Wedbush said in an analyst note.