Shares of cloud-based transaction products and services provider DocuSign (DOCU) - Get DocuSign Inc. Report were down more than 1% in trading Friday despite the company topping analysts' quarterly expectations and providing upside guidance.
The San Francisco-based company reported fourth-quarter earnings of 6 cents per share on an adjusted basis on revenue of $199.7 million. Analysts were expecting the company to report earnings of 1 cent per share on revenue of $193.7 million.
For the current quarter, the company said it expects revenue to range between $205 million and $210 million, and full-year revenue between $910 million and $915 million. Analysts expect full-year revenue of $861.6 million.
"Fiscal 2019 was an exciting first fiscal year as a public company for DocuSign. At 35% growth, we posted over $700 million in revenue for the year and achieved non-GAAP profitability for our first full year. We added another 23,000 new customers to bring our global base to 477,000. As we look to fiscal 2020, we are focused on delivering new and innovative solutions to market across the System of Agreement, growing our already-strong partner ecosystem, and continuing our relentless commitment to customer success," said Dan Springer, CEO of DocuSign.
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