DocuSign: Questions Around Growth Remain
Here's our initial take on DocuSign's (NASDAQ: DOCU) financial report.There was a lot to like about DocuSign's latest quarter. Revenue and adjusted earnings per share were up 8% and 10%, respectively, topping Wall Street expectations. GAAP (generally accepted accounting principles) gross margin came in at 79.4%, up 5 basis points from a year ago, and the company posted solid free cash flow of $227.8 million.DocuSign also surpassed the 10,000 Intelligent Agreement Management customer threshold during the period.Continue reading
Here's our initial take on DocuSign's (NASDAQ: DOCU) financial report.
There was a lot to like about DocuSign's latest quarter. Revenue and adjusted earnings per share were up 8% and 10%, respectively, topping Wall Street expectations. GAAP (generally accepted accounting principles) gross margin came in at 79.4%, up 5 basis points from a year ago, and the company posted solid free cash flow of $227.8 million.
DocuSign also surpassed the 10,000 Intelligent Agreement Management customer threshold during the period.
