DocuSign has cut its billings forecast for the full fiscal year after the company’s first-quarter billings fell short of estimates. Despite better-than-expected earnings and revenue results, the downbeat forecast overshadowed the positive news.
The e-signature provider reported a 8% year-over-year increase in revenue to $764 million in the first quarter, beating expectations. However, its billings for the same period were lower than anticipated at $739.6 million, missing the company’s own forecast of between $741 million and $751 million.
For the current fiscal year, DocuSign now expects billings of $3.28 billion to $3.34 billion, down from a previous range of $3.3 billion to $3.35 billion. The company also reported strong earnings per share of 90 cents adjusted, beating expectations.
DocuSign shares closed down more than 18% on Friday after the company announced stronger-than-expected earnings but reduced its full-year billings outlook. The stock has declined by more than 16% year-to-date.
The company’s revenue guidance for the second quarter is between $777 million and $781 million, and it projects full-year revenue of $3.15 billion to $3.16 billion. DocuSign also announced an additional $1 billion stock buyback as part of its share repurchase plan.
Source: https://www.cnbc.com/2025/06/06/docusign-stock-billings-earnings.html