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Sep 6, 2024 5:49 PM - Davit Kirakosyan
Image credit: FMP
DocuSign Inc (NASDAQ:DOCU) shares rose more than 3% intra-day today after the company delivered stronger-than-expected results for its second quarter, with both earnings and revenue surpassing forecasts.
The digital agreement solutions provider reported adjusted earnings per share of $0.97, significantly ahead of the $0.81 expected by analysts. Revenue rose 7% year-over-year to $736 million, outpacing the projected $727.2 million.
Although these figures were solid, DocuSign's future outlook appeared less promising to investors. The company provided guidance for third-quarter revenue between $743 million and $747 million, only slightly above the Street consensus of $739.4 million.
For fiscal year 2025, the company projected revenue between $2.94 billion and $2.952 billion, just marginally higher than the $2.93 billion estimated by analysts.
CEO Allan Thygesen highlighted the company’s achievements, noting improved operational efficiency and business stability, which led to record operating profits. He also emphasized the promising early feedback from customers on the recently launched Intelligent Agreement Management platform.
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