DocuSign, Inc. Beats Earnings

DocuSign (NASDAQ:DOCU) +7% reports Q4 beats with 38% Y/Y revenue growth. The company guides upside Q1 revenue of $280-284M (consensus: $275.73M) and FY21 revenue of $1.272-1.276B (consensus: $1.19B).
Q4 Billings grew 40% Y/Y to $366.9M.
Revenue breakdown: Subscription, $258.1M (consensus: $251M); Professional Services and Other, $16.8M (consensus: $14.6M).
Cash from operations totaled $45.5M with FCF of $15.5M.
Source seekingalpha

DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.