By Yasin Ebrahim
Investing.com -- DocuSign reported fourth-quarter results that topped analysts' expectations, but the electronic signature company also announced that chief financial officer Cynthia Gaylor will step down after just over two years in the role.
Gaylor, who was appointed CFO in September 2020, intends to step down in the coming months, though will remain in her role to ensure a smooth transition, including through the announcement and filing of the company's Q1 results. The announcement comes just as the company announced a slew of changes including the appointment of Anwar Akram, who was most recently VP of Operational Effectiveness at Google (NASDAQ:GOOGL), as chief operating officer.
DocuSign (NASDAQ:DOCU) fell 5% in after-hours trading, and had closed down 1.9% on the day.
DocuSign reported Q4 EPS of $0.65 on revenue of $659.6 million, topping consensus estimates for EPS $0.52 on revenue of $639.3M.
Billings were $739.0M in Q4, an increase of 10% year-over-year.
Looking ahead to the quarter ending April, the company expects revenue of $639M to $634M, topping Wall Street estimates of $640.9M. Billings were expected to be between $615M and $625M.
For fiscal 2024, the company guided revenue in the range of $2.70 billion to $2.71B, above Wall Street consensus of $2.69B.