DocuSign (NASDAQ:DOCU) saw its shares jump more than 23% intra-day today after delivering third-quarter results that exceeded expectations and issuing optimistic guidance for the current quarter and full fiscal year.

For the quarter, DocuSign reported adjusted earnings per share of $0.90, surpassing analyst forecasts of $0.87. Revenue grew 8% year-over-year to $754.8 million, outpacing the Street consensus estimate of $745.26 million. The company’s billings, a critical indicator of future revenue, showed robust growth, increasing 9% year-over-year—a significant acceleration from the 2% growth in the previous quarter.

DocuSign provided encouraging guidance for the fourth quarter, projecting revenue in the range of $758 million to $762 million, exceeding Wall Street's expectations of $756.2 million. For the full fiscal year 2025, the company forecast revenue between $2.959 billion and $2.963 billion, surpassing the Street consensus estimate of $2.947 billion.

In addition to strong revenue and billings growth, DocuSign reported free cash flow of $210.7 million for the quarter, reinforcing its solid financial position.