No. of Recommendations: 22
Unless I missed it, don’t think anyone has mentioned docu’s earnings release yet here

https://investor.docusign.com/investors/press-releases/press...

Stock is up about 20% today

41% revenue increase, about $15m above estimates. Good guidance for next quarter

94% of rev is subscription

Slightly profitable non gaap

Net retention 113%

Gross margin guided at 78-80%

25% increase in customers year over year to 537,000. Added 29,000 new customers during the quarter so still trending about consistent with the annual rate

13 analysts avg $65 target, 40% higher from here

I only have a small position but been hanging with them given that their e signature market is expected to grow at 20-25%+ for the next few years, even if their system of agreement/agreement cloud doesn’t take off (although I think it has a good chance to be successful too)


-mekong
Print the post Back To Top
No. of Recommendations: 1
13 analysts avg $65 target, 40% higher from here

Correction. That’s about 18% higher than today’s price. It was 40% above yesterday’s close

-mekong
Print the post Back To Top
No. of Recommendations: 4
Thanks Mekong. I was glad to be holding a small position as well! My 4.3% at the end of August is now a 5.4% position due to the bounce today! Nice to have something going up as most things are pulling back.

And yet the PS for ole Docusign is still only 12.9! If it can keep up ~40% growth, that's a steal!

Not only was revenue up 41% as you point out, but billings were up 47%!

47% is definitely a number that could get the street interested. I added some options today, and might add some shares, although my cash is a little low right now.

Please let us know if you have other thoughts after reflecting more!

Bear
Print the post Back To Top
No. of Recommendations: 2
47% is definitely a number that could get the street interested.

In the CC, they addressed the 47% increase in billing (vs I think 27% ?) And pretty much said they expect it to even out and be in the mid 30s going forward.
Print the post Back To Top
No. of Recommendations: 3
In the CC, they addressed the 47% increase in billing (vs I think 27% ?) And pretty much said they expect it to even out and be in the mid 30s going forward.

Fuma,

Here's what was said:

I always look at it as the fourth quarter rolling average, which was 36%. Last quarter's 27% year-over-year growth isn't terribly telling and a 47% might not be as telling this quarter either. ...With that said, we had an excellent quarter and the things that we’re talking about strong North American performance, good growth in CLM, the fed coming online first, those all contributed to the good growth statistics we saw both in billings and revenue.

So my takeaway was, don't freak out if it's 30%, but don't get too excited if it's closer to 50%, because it's just lumpy. However, things are looking up!

Bear
Print the post Back To Top