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DocuSign Inc (NASDAQ:DOCU) reported better-than-expected second-quarter financial results after the closing bell on Thursday.
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.
"Docusign continued its evolution with improved business stability and increased efficiency, resulting in record operating profit," said Allan Thygesen, CEO of Docusign.
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.
DocuSign shares fell 0.9% to close at $56.93 on Thursday.
These analysts made changes to their price targets on DocuSign following earnings announcement.
Considering buying DOCU stock? Here’s what analysts think:
Posted In: DOCU