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DocuSign Inc (NASDAQ:DOCU) reported second-quarter financial results after the bell on Thursday. Here’s a rundown of the report.
Q2 Earnings: DocuSign reported second-quarter revenue of $736 million, beating the consensus estimate of $727.36 million. The agreement cloud company reported second-quarter adjusted earnings of 97 cents per share, beating analyst estimates of 80 cents per share, according to Benzinga Pro.
Total revenue and subscription revenue was up 7% on a year-over-year basis. Professional services and other revenue climbed 2% year-over-year. Billings came in at $724.5 million, up 2% year-over-year.
Net cash from operating activities totaled $220.2 million. The company generated free cash flow of $197.9 million in the quarter, up from $183.6 million in the prior year’s quarter. DocuSign ended the quarter with $1 billion in cash, equivalents, restricted cash and investments.
“Docusign continued its evolution with improved business stability and increased efficiency, resulting in record operating profit,” said Allan Thygesen, CEO of Docusign.
“We’re proud that we began shipping our Intelligent Agreement Management platform this quarter and we are encouraged by the early results and customer feedback.”
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Looking Ahead: DocuSign expects third-quarter revenue to be in the range of $743 million to $747 million. The company sees second-quarter billings in the range of $710 million to $720 million. DocuSign also raised its fiscal year 2025 revenue to a new range of $2.94 billion and $2.952 billion.
Management will hold a conference call to further discuss these results at 5 p.m. ET.
DOCU Price Action: DocuSign shares were down 1.98% at $55.80 in after hours trading at the time of publication, according to Benzinga Pro.
Photo: Courtesy of DocuSign.
Posted In: DOCU
