DocuSign Inc (NASDAQ: DOCU) said on Thursday that its total revenue in the fiscal fourth quarter posted a 57% annualised growth to £308 million. The American company reported £293.20 million of subscription revenue in Q4 – a 59% increase from last year. Professional services and other revenue, it added, jumped 23% in the recent quarter to £14.80 million.
DocuSign shares, which you can conveniently trade online via apps, slid roughly 3.5% in after-hours trading. The stock now has a per-share price of £155.80.
DocuSign values billings at £382 million in Q4
At £382.33 million, DocuSign said billings were up 46% on a year over year basis in the fourth quarter. The San Francisco-based company reported 26.45 pence per share of net income per diluted share (non-GAAP) in Q4 versus the year-ago figure of 8.58 pence per share.
The Nasdaq-listed company said that its gross margin (non-GAAP) stood at 80% in the recent quarter, compared to 79% in Q4 of last year. DocuSign valued its free cash flow in the fourth quarter at £31.45 million – a sharp increase from £11.08 million last year.
According to DocuSign, it had £619.35 million of cash, restricted cash, cash equivalents, and investments by the end of Q4. In the prior quarter (Q3), the U.S. firm had recorded £43.53 million of net loss.
For the full year, DocuSign reported £1.07 billion of revenue – a 49% increase from the previous year. Its annual net income per diluted share (non-GAAP) registered at 64.33 pence per share versus 22.16 pence per share in fiscal 2020.
In separate news from the U.S., Funko also published its quarterly financial report on Thursday.
DocuSign’s guidance for the full financial year
For the current financial year, DocuSign forecasts £1.4 billion of revenue. CEO Dan Springer commented on the quarterly update on Thursday and said:
“Fiscal 2021 was a milestone year for DocuSign. We became a pillar of the ‘anywhere economy’ that lets people increasingly do anything in life and work from anywhere. In the process, we grew our business nearly 50%, reached almost $1.5 billion in revenues, and achieved a record net retention rate of 123%. We believe this performance represents an acceleration of the ongoing trend towards the digital transformation of agreements.”
DocuSign performed unprecedently upbeat in the stock market last year with an annual gain of close to 200%. At the time of writing, it is valued at £30 billion.
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