DocuSign Reports Second-Quarter Earnings
DocuSign Inc. (DOCU) reported its second-quarter financial results after the market closed on Thursday. The company beat analyst expectations on both revenue and earnings per share.
DocuSign reported second-quarter revenue of $736 million, exceeding the consensus estimate of $727.36 million.
Adjusted earnings per share came in at 97 cents, surpassing analyst estimates of 80 cents per share.
Total revenue and subscription revenue increased by 7% year-over-year.
Professional services and other revenue grew by 2% year-over-year.
Billings reached $724.5 million, representing a 2% year-over-year increase.
Net cash from operating activities totaled $220.2 million.
Free cash flow for the quarter was $197.9 million, up from $183.6 million in the previous 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."
"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."
DocuSign expects third-quarter revenue to be between $743 million and $747 million.
The company anticipates second-quarter billings to range from $710 million to $720 million.
DocuSign also raised its fiscal year 2025 revenue guidance to a new range of $2.94 billion and $2.952 billion.
DocuSign shares were down 1.98% at $55.80 in after-hours trading at the time of publication.