Docusign Q1 Profit Rises As Revenues Gain 9%
(RTTNews) - Docusign, Inc. (DOCU) on Thursday reported higher first-quarter earnings as revenues grew.
Net income rose to $78.2 million, or $0.40 per share, compared with $72.1 million, or $0.34 per share, in the prior-year quarter. On an adjusted basis, earnings were $1.09 per share, up from $0.90 per share last year.
For the quarter, revenue increased 8.7% to $830.2 million from $763.7 million a year earlier.
For the second quarter, Docusign expects revenue of $865 million to $869 million. For fiscal 2027, Docusign forecasts revenue of $3.49 billion to $3.50 billion, representing approximately 9% year-over-year growth.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.