DocuSign, Inc. (DOCU), the e-signature company, reported its fiscal first-quarter results on June 6, exhibiting a ‘strong start’ in fiscal 2025. Allan Thygesen, DOCU’s CEO, said, “In Q1, we continued to stabilize the business and improve profitability, allowing Docusign to continue investing for long term growth.”
In the three-month period that ended April 30, 2024, DOCU reported total revenue of $709.64 million, up 7.3% year-over-year and slightly above the analyst’s estimate of $707.44 million. Its subscription revenue increased by 8.2% year-over-year to $691.48 million. Non-GAAP billings grew 5% from the year-ago value to $709.54 million.
