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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — DocuSign Inc. (DOCU) on Thursday reported fiscal fourth-quarter profit of $83.5 million.
The San Francisco-based company said it had profit of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The provider of electronic signature technology posted revenue of $776.3 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $760 million.
For the year, the company reported profit of $1.07 billion, or $5.08 per share. Revenue was reported as $2.98 billion.
For the current quarter ending in April, DocuSign said it expects revenue in the range of $745 million to $749 million.
The company expects full-year revenue in the range of $3.13 billion to $3.14 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOCU at https://www.zacks.com/ap/DOCU