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Benzinga
Benzinga
Business
Alexander Voigt

DocuSign 69.52% Down From All-Time Highs Despite Announced Microsoft Partnership

DocuSign Microsoft DOCU Nasdaq Dan Springer

Shares of DocuSign (NASDAQ:DOCU) opened 23.78% lower at $66.5 on Friday after the e-signature software maker reported Q1 2023 adjusted earnings per share (EPS) that were below consensus estimates.

DOCU reported first-quarter adjusted EPS of 38 cents, missing the consensus projection of 46 cents per share. The company generated $588.7 million in the first three months of the fiscal year, while analysts were looking for $581.8 million, and up 25% from the year-ago period. DocuSign said its net loss extended to $27.4 million from $8.3 million in the year-ago quarter.

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