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Docusign Inc (NASDAQ:DOCU) delivered its fourth-quarter financial results on Tuesday after the market close. Here’s everything you need to know from the report.
- Docusign stock is showing upward movement. Why is DOCU stock advancing?
Key Highlights From Q4
Docusign posted fourth-quarter revenue of $836.86 million, beating the consensus estimate of $827.84 million. The agreement management company reported adjusted earnings of $1.01 per share for the quarter, beating analyst estimates of 95 cents per share, according to Benzinga Pro.
Total revenue was up 8% year-over-year, driven by subscription revenue growth, which was up 8% year-over-year to $819 million. Professional services and other revenue decreased 3% year-over-year to $17.9 million.
Billings came in at approximately $1 billion, up 10% year-over-year. Net cash from operating …
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