DocuSign beats by $0.02, beats on revs; guides JulQ revs in-line; guides FY20 revs above consensus
- Reports Q1 (Apr) earnings of $0.07 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.05; revenues rose 37.3% year/year to $213.96 mln vs the $208.15 mln S&P Capital IQ Consensus and vs prior guidance of $205-210 mln.
- Co issues in-line guidance for Q2 (Jul), sees Q2 revs of $218-222 mln vs. $219.9 mln S&P Capital IQ Consensus. Sees Q2 billings of $215-225 mln.
- Co issues upside guidance for FY20, sees FY20 revs of $917-922 mln vs. $913.65 mln S&P Capital IQ Consensus and vs prior guidance of $910-915 mln. Reaffirms full year billings of $1.01-1.03 bln.
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