DocuSign, Inc. (NASDAQ: DOCU) noticed its shares falling Friday, a day after the company announced results for its fourth quarter and fiscal year ended January 31, 2022.
Total revenue was $580.8 million , an increase of 35% year-over-year. Subscription revenue was $564.0 million , an increase of 37% year-over-year. Professional services and other revenue was $16.8 million , a decrease of 19% year-over-year.
Billings were $670.1 million , an increase of 25% year-over-year.
GAAP net loss per basic and diluted share was $0.15 on 199 million shares outstanding compared to $0.38 on 189 million shares outstanding in the same period last year.
For the full fiscal year, total revenue was $2.1 billion , an increase of 45% year-over-year. Subscription revenue was $2.0 billion , an increase of 47% year-over-year. Professional services and other revenue was $69.9 million , a decrease of 2% year-over-year.
GAAP net loss per basic and diluted share was $0.36 on 197 million shares outstanding compared to $1.31 on 186 million shares outstanding in fiscal 2021.
Said CEO Dan Springer “In fiscal 2022, we grew revenues by 45% and billings by 37% year-over year, while generating record operating and cash flow margins. While the year unfolded differently than expected, we are proud of the ongoing performance and resilience of our team as we scaled to become a multi-billion-dollar company.”
DOCU shares were pounded $19.60, or 20.9%, to $74.26.