U.S. markets closed
  • S&P Futures

    4,293.25
    -5.00 (-0.12%)
     
  • Dow Futures

    33,850.00
    -23.00 (-0.07%)
     
  • Nasdaq Futures

    13,661.50
    -19.75 (-0.14%)
     
  • Russell 2000 Futures

    2,021.90
    -1.90 (-0.09%)
     
  • Crude Oil

    88.58
    -0.83 (-0.93%)
     
  • Gold

    1,794.40
    -3.70 (-0.21%)
     
  • Silver

    20.13
    -0.14 (-0.70%)
     
  • EUR/USD

    1.0165
    0.0000 (-0.00%)
     
  • 10-Yr Bond

    2.7910
    -0.0580 (-2.04%)
     
  • Vix

    19.95
    +0.42 (+2.15%)
     
  • GBP/USD

    1.2051
    -0.0007 (-0.06%)
     
  • USD/JPY

    133.3570
    +0.0850 (+0.06%)
     
  • BTC-USD

    24,145.84
    -507.20 (-2.06%)
     
  • CMC Crypto 200

    573.22
    -17.55 (-2.97%)
     
  • FTSE 100

    7,509.15
    +8.26 (+0.11%)
     
  • Nikkei 225

    28,857.35
    -14.43 (-0.05%)
     

DocuSign Weaker as Outlooks Suggests Slowdown in Growth

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

By Dhirendra Tripathi

Investing.com – DocuSign stock (NASDAQ:DOCU) traded lower in Friday’s premarket as the company’s higher guidance fell short of expectations.

The company is now forecasting a maximum 39% jump in its annual revenue which, compared with 49% on-year growth in the previous financial year, reflects a slowdown from the first waves of the pandemic.

DocuSign, like many digital-based companies, benefited immensely during the pandemic as companies embraced its solutions to onboard employees and manage workflow. With more companies going back to the office work model, that business may be past its peak for now, even if its trajectory is still higher than before Covid-19 erupted.

The company now sees its annual revenue at $2.08 billion at midpoint, an increase of some 2% from its June guidance.

In the ongoing quarter, the company sees revenue of $529 million at midpoint.

Total revenue in the second quarter was $511.8 million, up 50%.

Adjusted profit per share more than tripled to 47 cents per share. Both revenue and EPS came ahead of expectations.

Related Articles

DocuSign Weaker as Outlooks Suggests Slowdown in Growth

Exclusive-Ericsson CEO to double down on China as 5G tussle rumbles on

JD.com unit makes $513 million controlling bid in China Logistics