DocuSign Q3 Earnings Highlights: EPS Beat, Revenue Up 9%, 'Intelligent Agreement Management' And More

DocuSign Inc DOCU reported third-quarter financial results after the close on Thursday. Here's a rundown of the print.

Q3 Earnings: DocuSign said third-quarter revenue increased 9% year-over-year to $700.42 million, which beat the consensus estimate of $690.13 million, according to Benzinga Pro. The company reported quarterly earnings of 79 cents per share, which beat analyst estimates of 63 cents per share.

Net cash from operating activities totaled $264.2 million, and free cash flow was $240.3 million, up from $36.1 million in the prior year's quarter. Gross margin came in at 80%.

DocuSign ended the quarter with $1.7 billion in cash, equivalents, restricted cash and investments.

"DocuSign had a solid third quarter, delivering record non-GAAP operating margin and free cash flow," said Allan Thygesen, CEO of DocuSign.

"We are making progress on product innovation, go-to-market effectiveness, and operational efficiency as we build on our considerable scale and trusted market position and expand beyond e-signature into intelligent agreement management."

Outlook: DocuSign sees fourth-quarter revenue of $696 million to $700 million versus estimates of $693.73 million. The company expects full-year 2024 revenue to be between $2.746 billion and $2.75 billion versus estimates of $2.73 billion.

Management will hold a conference call to discuss these results at 5 p.m. ET.

See Also: Wall Street Revels In Gains As AI, Tech Titans Surge; Dollar Plunges Against Yen: What's Driving Markets Thursday?

DOCU Price Action: DocuSign shares were down 0.53% after hours at $47.20 at the time of publication, according to Benzinga Pro.

Photo: StartupStockPhotos from Pixabay.