Investing.com — DocuSign reported fiscal first-quarter results Thursday that topped Wall Street estimates and the software maker said it had boosted its existing stock buyback program by $1 billion.
DocuSign Inc (NASDAQ:) was down 4% in afterhours following the news.
The software company reported Q1 adjusted EPS of $0.82 on revenue of $709.6 million, topping consensus estimates for EPS of $0.79 on revenue of $707.3M.
Billings were $709.6 in Q1, an increase of 7% year-over-year.
Looking ahead to Q2, the company forecasts revenue in the range of $725M to $729M, in line with analyst estimates of $727.2M, with billings expected to come in between $715M and $725M.
For the full year, revenue was guided in a range of $2.92B to $2.93B, while billings were expected between $2.98B and $3.03B.
From: investing.com
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