Earnings Feed

DOCU

Technology

Billings reached $818 million, a 13% increase year over year, driven by direct sales strength and early renewals.
Free cash flow margin improved modestly to 27%, supporting $200 million in share repurchases.
GAAP diluted EPS was $0.30 compared to $4.26 last year, impacted by prior year tax benefits.
International revenue grew 13%, representing 29% of total revenue, with Asia Pacific as the fastest-growing region.
Non-GAAP gross margin remained stable at 82%, offsetting cloud migration costs.
Non-GAAP operating margin was 30%, maintaining strong profitability despite headwinds.
Q2 revenue was $801 million, up 9% year over year, with subscription revenue at $784 million, also up 9%.
Total customers grew 9% year over year to over 1.7 million, with large customers spending over $300K increasing 7%.

WLY

Technology

Wiley increased its share repurchase authorization by 25% to $250 million, reflecting confidence in its valuation.
The company returned $14 million through share buybacks in Q1 and increased dividends for the 32nd consecutive year, maintaining a 3.5% yield.
Balance sheet strength improved with net debt to EBITDA ratio decreasing to 1.9, and $120 million proceeds from divestiture used to reduce debt.
Discipline in capital allocation emphasizes supporting shareholder returns while investing in organic growth and high-value content.
The company remains opportunistic in buybacks, aiming to buy back shares when prices are attractive, supporting long-term value creation.