05:25 AM EDT, 06/06/2025 (MT Newswires) -- (Updates with the latest stock move in the headline and the last paragraph, as well as billings guidance in the sixth paragraph.)

DocuSign ( DOCU ) reported late Thursday fiscal Q1 non-GAAP net income of $0.90 per diluted share, up from $0.82 a year earlier.

Analysts polled by FactSet expected $0.81.

Revenue for the three months ended April 30 was $763.7 million, up from $709.6 million a year earlier. Analysts expected $748.1 million.

For fiscal Q2, the company expects revenue of $777 million to $781 million. Analysts expected $774.5 million.

For fiscal 2026, Docusign ( DOCU ) raised its revenue guidance to between $3.15 billion and $3.16 billion from its previous projection of $3.13 billion to $3.14 billion. Analysts anticipate $3.13 billion.

However, the company now expects lower full-year billings of $3.285 billion to $3.339 billion, compared with its previous guidance of between $3.300 billion and $3.354 billion announced on March 13.

Shares of the company slumped more than 18% in recent premarket activity Friday.

Price: 75.99, Change: -16.91, Percent Change: -18.20