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StockNews.com
Business
Mangeet Kaur Bouns

DocuSign (DOCU) Pre-Earnings Insights: A Software Stock to Watch?

DocuSign, Inc. (DOCU), a leader in e-signature and intelligent agreements, is set to release its third quarter fiscal 2024 results on Thursday, December 7, 2023, after the market’s close. Analysts expect the company’s revenue and EPS for the third quarter (ended October 2023) to increase 6.9% and 11% year-over-year to $690.12 million and $0.63, respectively.

For the third quarter, DOCU expects total revenue to be between $687 and $691 million and Subscription revenue to be $669-$673 million. Also, the company’s non-GAAP gross margin and non-GAAP operating margin are expected to be 81-82% and 22-23%, respectively.

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