“Docusign Stock Rises 3% After Exceeding Earnings Expectations”
Source: Davit Kirakosyan
DocuSign Inc (NASDAQ:DOCU) saw its stock price climb over 3% today thanks to better-than-expected Q2 results, exceeding both earnings and revenue predictions. The digital agreement solutions provider impressed with an adjusted EPS of $0.97, surpassing analyst estimates of $0.81, along with a 7% revenue increase to $736 million compared to the projected $727.2 million.
Despite these strong numbers, investors have mixed feelings about DocuSign’s future prospects. Guidance for Q3 revenue falls within the range of $743 million to $747 million, slightly topping the consensus of $739.4 million. Looking ahead to FY 2025, the company forecasts revenue between $2.94 billion and $2.952 billion, slightly higher than the estimated $2.93 billion by analysts.
CEO Allan Thygesen lauded the company’s progress, highlighting enhanced operational efficiency and stability, resulting in record operating profits. He also emphasized positive early feedback from customers regarding the newly introduced Intelligent Agreement Management platform.