Why DocuSign Stock Dropped Today
Shares of DocuSign (NASDAQ: DOCU) fell 6.6% on Friday, following the release of the e-signature leader's fourth-quarter results.
DocuSign's revenue surged 57% year over year to $430.9 million, while its adjusted earnings per share more than tripled, to $0.37. DocuSign's cash generation was also impressive. Its operating cash flow climbed 37% to $62.2 million, while its free cash flow soared 184% to $44 million.
"Fiscal 2021 was a milestone year for DocuSign," CEO Dan Springer said in a press release. "We became a pillar of the 'anywhere economy' that lets people increasingly do anything in life and work from anywhere."
Source Fool.com
