Earnings

DocuSign (DOCU) earnings Q1 2023

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Dan Springer, chief executive officer at DocuSign.

David Paul Morris | Bloomberg | Getty Images

DocuSign shares fell as much as 24% in extended trading on Thursday after the electronic signature software vendor reported weaker-than-expected earnings in its fiscal first quarter.

Here’s how the company did:

  • Earnings: 38 cents per share, adjusted, vs. 46 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $588.7 million, vs. $581.8 million as expected by analysts, according to Refinitiv.

For the quarter ended April 30, DocuSign’s revenue increased 25% from the year-earlier period, according to a statement.

But as investors shift away from a focus on growth to profitability,…



Source cnbc.com

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