Press release
DocuSign Announces First Quarter Fiscal 2022 Financial Results
SAN FRANCISCO, June 3, 2021 /PRNewswire/ -- DocuSign, Inc. (NASDAQ: DOCU), which offers the world's #1 eSignature solution as part of the DocuSign Agreement
About this update from Docusign, Inc.
[{"type":"text","content":"SAN FRANCISCO, June 3, 2021 /PRNewswire/ -- DocuSign, Inc. (NASDAQ: DOCU), which offers the world's #1 eSignature solution as part of the DocuSign Agreement Cloud, today announced results for its fiscal quarter ended April 30, 2021.\n\n \n \n \n \n \n \n\n \n\"We've increasingly become the way people agree in this emerging anywhere economy—and that's not only helping organizations continue operations during the pandemic, but helping them realize new and more efficient ways of doing business in the future,\" said DocuSign CEO Dan Springer. \"This fact is reflected by our new and existing customers adopting and expanding at record rates, our 58% year-over-year Q1 revenue growth, and the recent addition of our millionth customer to the DocuSign platform.\"\nFirst Quarter Financial Highlights\nTotal revenue was $469.1 million, an increase of 58% year-over-year. Subscription revenue was $451.9 million, an increase of 61% year-over-year. Professional services and other revenue was $17.1 million, an increase of 7% year-over-year. Billings were $527.4 million, an increase of 54% year-over-year. GAAP gross margin was 78% compared to 75% in the same period last year. Non-GAAP gross margin was 81% compared to 79% in the same period last year. GAAP net loss per basic and diluted share was $0.04 on 194 million shares outstanding compared to $0.26 on 183 million shares outstanding in the same period last year. Non-GAAP net income per diluted share was $0.44 on 208 million shares outstanding compared to $0.12 on 197 million shares outstanding in the same period last year. Net cash provided by operating activities was $135.6 million compared to $59.1 million in the same period last year. Free cash flow was $123.0 million compared to $32.8 million in the same period last year. Cash, cash equivalents, restricted cash and investments were $875.8 million at the end of the quarter.A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading \"Non-GAAP Financial Measures and Other Key Metrics.\"\nOperational and Other Financial Highlights\nDocuSign Agreement Cloud 2020 Product Release 1. DocuSign announced several exciting new product capabilities to help customers drive their digital transformations. This includes: New...