(Updates with latest stock movement in the headline and lede.)
DocuSign (DOCU) shares were down 5.7% in Friday afternoon trading, a day after the company posted its fiscal Q1 results.
The company reported fiscal Q1 non-GAAP net income late Thursday of $1.09 per diluted share, up from $0.90 a year earlier.
Analysts polled by FactSet expected $0.99.
Revenue in the three months ended April 30 rose to $830.2 million from $763.7 million a year earlier.
Analysts expected $824.7 million.
DocuSign expects Q2 revenue of $865 million to $869 million. Analysts project $866.1 million.
The company expects full-year revenue of $3.49 billion to $3.502 billion, up from the prior forecast of $3.484 billion to $3.496 billion. Analysts project $3.49 billion.
Price: $48.05, Change: $-2.89, Percent Change: -5.67%