DocuSign, Inc. (DOCU), a global electronic signature solution provider, beat analyst estimates for revenue and earnings in the first quarter of fiscal 2024. The company reported first-quarter revenue of $661.39 million, above the consensus estimate of $641 million. It posted an adjusted EPS of $0.72, compared to the $0.56 expected by analysts.
“DocuSign’s first quarter results, coupled with traction on our strategic objectives reflect a solid start to the year,” said Allan Thygesen, DOCU’s CEO. “While we have work ahead of us, I am encouraged by our progress to enable smarter, easier, trusted agreements. As we continue to execute on our strategy and leverage our competitive advantages, notably in AI, DocuSign is well positioned for the future.”
