DocuSign Q1 results top estimates; Stock jumps

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DocuSign Q1 results top estimates; Stock jumps
Credit: © Reuters. -- DocuSign reported Thursday fiscal first-quarter results that topped estimates as an increase in billings bolstered performance. 

DocuSign Inc (NASDAQ: DOCU ) was up more than 10% in after-hours following the report.

The software company reported  Q4 adjusted EPS of $0.72 on revenue of $661.4 million, topping consensus estimates for EPS $0.55 on revenue of $641.7M.

Gross margin was 79%, up from 78% in the same period last year.

Billings were $674.8M in Q1, an increase of 10% year-over-year. 

Looking ahead to Q2, the company forecasts revenue in the range of $675M to $679M, in line with estimates of $668.1M, with billings expected to come in between $646M and $656M.  

For the year, revenue was guided in a range of $2.71B to $2.73B, just above consensus estimates of $2.70B, while billings were expected between $2.74B and $2.75B.  

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