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DocuSign Stock Declines 6.6% Despite Q1 Earnings Beat
DocuSign, Inc. (NASDAQ: DOCU) reported impressive first-quarter fiscal 2025 results, wherein both earnings and revenues beat the Zacks Consensus Estimate. The better-than-expected results, however, failed to impress the market as the stock declined 6.6% since the earnings release on Jun 6.
Quarterly EPS of 82 cents per share surpassed the Zacks Consensus Estimate by 3.8% and increased 13.9% from the year-ago fiscal quarter. Total revenues of $709.6 million beat the consensus mark by a slight margin and improved 7.3% year over year.
DocuSign Price, Consensus and EPS Surprise
DocuSign price-consensus-eps-surprise-chart | DocuSign Quote
Segmental Revenues
Subscription revenues of $691.5 million rose 8% year over year and beat our estimate of $687.9 million. Professional services and other revenues of $18.2 million decreased 18% from the year-ago fiscal quarter but beat our estimate of $17.6 million. Billings amounted to $709.5 million, up 5% from the year-ago fiscal quarter and surpassed our estimate of $688.9 million.
Non-GAAP gross profit of $582.2 million increased 6.5% year over year and surpassed our estimate ...