DocuSign has struggled this year alongside the rest of the cloud software sector.
DocuSign delivered 25% revenue growth from a year earlier but investors are increasingly concerned with profitability.In this articleshares fell as much as 17% in extended trading on Thursday after the electronic signature software vendor reported weaker-than-expected earnings in its fiscal first quarter.38 cents per share, adjusted, vs. 46 cents per share as expected by analysts, according to Refinitiv.
For the second quarter, DocuSign called for revenue of $600 million to $604 million. The middle of the range, at $602 million, was just above the Refinitiv consensus of $601.7 million. And for all of 2023, DocuSign sees $2.47 billion to $2.48 billion in revenue, compared to the $2.479 billion Refinitiv consensus.