DocuSign, the e-signature company, has issued its outlook for the current quarter and raised its outlook for the fiscal year.
Fourth Quarter Revenue Forecast
For the fourth quarter ending January 31, DocuSign forecasts revenue between $696 million and $700 million. This exceeds analysts’ expectations of $694 million in revenue. Additionally, billings for the current quarter are expected to be in the range of $758 million and $768 million, surpassing estimates of $753.9 million.
Fiscal Year Revenue Forecast
DocuSign now predicts revenue between $2.746 billion and $2.75 billion for the fiscal year ending January 31, up from its previous forecast of $2.73 billion and $2.74 billion. Furthermore, billings for the fiscal year are guided to be in the range of $2.84 billion and $2.85 billion, higher than the prior forecast of $2.80 billion and $2.82 billion.
Positive Outlook for the Future
Chief Executive Allan Thygesen expresses cautious optimism about the business stabilizing and excitement about future prospects based on their roadmap. These factors influenced their guidance.
DocuSign’s improved outlook comes as the company achieved profitability in the third quarter due to better-than-expected revenue, showcasing the ongoing success of their turnaround efforts.
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