DocuSign: Fiscal 4Q Earnings Snapshot

Associated Press |

SAN FRANCISCO (AP) _ DocuSign Inc. (DOCU) on Thursday reported a loss of $66.2 million in its fiscal fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 40 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 6 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The provider of electronic signature technology posted revenue of $199.7 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $193.7 million.

For the year, the company reported a loss of $426.5 million, or $3.16 per share. Revenue was reported as $701 million.

For the current quarter ending in May, DocuSign said it expects revenue in the range of $205 million to $210 million.

The company expects full-year revenue in the range of $910 million to $915 million.

DocuSign shares have risen 47 percent since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOCU at https://www.zacks.com/ap/DOCU

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