DocuSign (NASDAQ:DOCU), the e-signature provider, reported an earnings and revenue beat for the fiscal quarter ended April 30, alongside announcing a handful of C-suite hires and new service offerings. The company’s shares spiked as much as 12% after hours.
Earnings came in at 72 cents per share, adjusted, compared with 56 cents per share expected by analysts. Revenue registered $661 million as opposed to $642 million expected by analysts.
In the first quarter of Docusign’s 2024 fiscal year, revenue jumped 12% year over year to $661 million, and subscription revenue increased by the same percentage, to $639 million. In the “professional services and other” category, revenue spiked 14% to $22 million from the prior-year period.
DocuSign reported net income of $539,000, or zero cents per share, compared to a $27.4-million net loss, or 14 cents per share, a year earlier.
The company announced some new products and services, including Webforms, a way for organizations to create, customize and manage their own forms, including exporting and analyzing the data collected.
DocuSign reported 1.4 million paying users and more than one billion users as of April 30 and emphasized its international focus to investors, with service in more than 180 countries and 17% international revenue growth year over year.
DOCU shares acquired 65 cents, or 1.1%, to $59.13.
