Technology

DocuSign Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal 2025 Guidance Set; Shares Jump

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DocuSign (DOCU) reported fiscal Q4 non-GAAP earnings late Thursday of $0.76 per diluted share, up from $0.65 a year earlier. Analysts surveyed by Capital IQ expected $0.65. Revenue for the quarter ended Jan. 31 was $712.4 million, up from $659.6 million a year earlier. Analysts surveyed by Capital IQ expected $699.4 million. The company said it expects fiscal Q1 revenue of $704 million to $708 million. Analysts surveyed by Capital IQ expect $700.1 million. DocuSign expects fiscal year 2025 revenue of $2.92 billion to $2.93 billion. Analysts surveyed by Capital IQ expect $2.90 billion. Shares of the company jumped more than 12% in after-hours trading.

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MongoDB’s Stock Is Falling After Weak Revenue Guidance

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By Jon Swartz MongoDB Inc.’s stock dropped 11% in after-hours trading Thursday following the company’s quarterly results, which included weak revenue guidance. MongoDB (MDB) provided first-quarter sales guidance of $436 million to $440 million, while FactSet analysts are forecasting $452 million. For the fiscal year, the company is estimating revenue of between $1.9 billion and $1.93 billion; FactSet analysts are modeling for $2.04 billion. The maker of a document-oriented database program reported a fiscal fourth-quarter net loss of $55.5 million, or 77 cents a share, compared with a net loss of $64.4 million, or 93 cents a share, in the same quarter a year ago. Adjusted earnings were 86 cents a share. Revenue jumped 27% to $458 million from $361.3 million in the year-ago quarter. Analysts surveyed by FactSet had expected on average net income of 46 cents a share on revenue of $437 million. Shares of MongoDB have rocketed

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Broadcom Q1 Results: Earnings Beat, Revenue Beat, Guides Below Estimates

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Broadcom, Inc. (NASDAQ:AVGO) reported its first-quarter financial results after the bell Thursday. Here’s a look at the highlights. The Details: Broadcom reported quarterly earnings of $10.99 per share which beat the analyst consensus estimate of $10.29, a 6.39% increase over earnings of $10.33 per share from the same period last year. Quarterly sales came in at $11.96 billion, beating the analyst consensus estimate of $11.71 billion and representing a 34.16% increase over sales of $8.91 billion year-over-year. The company reported $4.693 billion in free cash flow and issued a quarterly common stock dividend of $5.25 per share. “We are pleased to have two strong drivers of revenue growth for Broadcom in the first quarter and fiscal year 2024. First, our acquisition of VMware is accelerating revenue growth in our infrastructure software segment, as customers deploy VMware Cloud Foundation. Second, strong demand for our networking products in AI data centers, as well as

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MongoDB Fiscal Q4 Net Income, Revenue Rises; Fiscal Q1, FY Guidance Set; Shares Slump After Hours

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MongoDB (MDB) reported fiscal Q4 non-GAAP net income Thursday of $0.86 per diluted share, up from $0.57 a year earlier. Analysts polled by Capital IQ expected $0.48. Revenue in the quarter ended Jan. 31 rose to $458 million from $361.3 million a year earlier. Analysts surveyed by Capital IQ expected $435.6 million. The company expects fiscal Q1 non-GAAP diluted earnings of $0.34 to $0.39 a share on revenue of $436 million to $440 million. Analysts surveyed by Capital IQ expect EPS of $0.61 on revenue of $449.1 million. The company projects financial year 2025 EPS of $2.27 to $2.49 on revenue of $1.9 billion to $1.93 billion. Analysts surveyed by Capital IQ expect EPS of $3.22 on revenue of $2.03 billion. Shares of the company slumped 12% in after-hours activity.

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Broadcom Profits Slip as Acquisition Costs Overshadow AI Growth — WSJ

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By Asa Fitch Broadcoms latest quarterly profits missed Wall Street forecasts on deal-related costs as strong demand for AI-related products boosted semiconductor sales. The chip and software company said sales for its fiscal first quarter were $11.96 billion, up by 34% on a year before because of its acquisition of software-maker VMware. The company made $1.33 billion in net profit in the quarter, down from $3.78 billion the same period a year earlier and behind expectations in a FactSet survey of analysts. Its stock fell 3% in after-hours trading. Sales would have risen by only 11% for the quarter =excluding the VMware acquisition, CFO Kirsten Spears said in a statement. The rise was driven by Broadcoms software segment and by demand for its networking chips, which help move data around in AI computation, CEO Hock Tan said. The company also helps big cloud-computing companies like Google to develop homegrown AI

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MongoDB Stock Tumbles on Disappointing Outlook. Other Cloud Stocks Are Falling in Response. — Barrons.com

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By Eric J. Savitz MongoDB shares are down sharply in late trading after the provider of cloud-based database software provided disappointing guidance for both its April quarter and January 2025 fiscal year. For the January quarter, MongoDB reported revenue of $458 million, up 27% from a year ago and ahead of Wall Street’s consensus as tracked by FactSet of $437 million. Adjusted profits of 86 cents a share were also above the Street’s consensus of 46 cents. But the guidance was light. For the April quarter, MongoDB projects revenue of between $436 million and $440 million, with adjusted profits of 34 to 39 cents a share; The Street consensus estimates had called for $452 million in revenue and profits of 62 cents. For the January 2025 fiscal year, MongoDB sees revenue of between $1.9 billion and $1.93 billion, with profits of between $2.27 and $2.49 a share on an adjusted

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DocuSign 4Q Revenue Tops Estimates As Turnaround Efforts Pay Off

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By Denny Jacob DocuSign posted better-than-expected revenue in its latest quarter, further proof that prior turnaround efforts are resulting in a company on stronger footing. The e-signature company logged net income of $27.2 million, or 13 cents a share, for the fourth quarter ended Jan. 31, up from $4.9 million, or 2 cents a share, a year earlier. Adjusted earnings were 76 cents a share, above analysts’ estimates of 65 cents a share. Revenue climbed 8% to $712.4 million from $659.6 million a year earlier. Analysts polled by FactSet expected $698.3 million. Free cash flow in the quarter was $248.6 million compared to $113 million in the same period a year earlier. For the current quarter, DocuSign forecast revenue between $704 million and $708 million. Analysts polled by FactSet expected $700.5 million. For fiscal 2025, the San Francisco-based company guided for revenue in the range of $2.92 billion and $2.93

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Broadcom Q1 Non-GAAP Earnings, Revenue Rise; Maintains 2024 Revenue Outlook

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Broadcom (NASDAQ:AVGO) reported Q1 non-GAAP earnings late Thursday of $10.99 per diluted share, up from $10.33 a year earlier. Analysts polled by Capital IQ expected $10.42. Revenue for the quarter ended Feb. 4 was $11.96 billion, up from $8.92 billion a year earlier. Analysts expected $11.72 billion. For fiscal 2024, the company reiterated its forecast projecting around $50 billion in revenue. Analysts are looking for revenue of $50.01 billion this year. Broadcom said it maintained its quarterly dividend at $5.25 per share, payable March 29 to investors of record on March 21.

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Marvell Technology Gives a Weak Outlook. The Chip Stock Tanks. — Barrons.com

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By Tae Kim Marvell Technology (MRVL.US) posted earnings results and gave financial guidance below Wall Street expectations, driving the stock lower in post market trading. The semiconductor firm reported adjusted earnings per share of 46 cents for the January quarter, matching the consensus estimate of 46 cents among Wall Street analysts tracked by FactSet. Revenue came in at $1.43 billion, which was about in line with analysts’ expectations of $1.42 billion. The company’s shares fell 10.2% to $76.41 in post-market trading following the release. Management’s financial outlook was disappointing. Marvell forecast a range of potential revenue for the current quarter with a midpoint of $1.15 billion, compared with the consensus view that revenue will be $1.38 billion. “While we are forecasting soft demand impacting consumer, carrier infrastructure, and enterprise networking in the near term, we expect revenue declines in these end markets to be behind us after the first quarter,

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DocuSign(NASDAQ:DOCU) Q4 2024 Earnings Conference

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The following is a summary of the DocuSign, Inc. (DOCU) Q4 2024 Earnings Call Transcript: Financial Performance: DocuSign reported Q4 revenues of $712 million, an increase of 8% year-over-year and full year revenue of $2.8 billion, marking a 10% growth year-over-year. Non-GAAP operating margin in Q4 improved to 25%, and the full year margin also improved significantly to 26% from 21% in fiscal 2023. The free cash flow for the year more than doubled to approximately $900 million. Q4 non-GAAP operating income was $178 million, marking a 15% year-over-year increase, and full fiscal year non-GAAP operating income reached $711 million, a 38% increase year-over-year. With a positive GAAP net income for the year, the GAAP diluted EPS improved to $0.36, from a negative $0.49 in the prior year. The company ended the fiscal year with approximately $1.2 billion in cash and cash equivalents. Business Progress: DocuSign made strides in product

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