DocuSign Inc. (NASDAQ:DOCU) gained more than 6% Friday after posting stronger-than-expected fiscal second-quarter results and raising its full-year guidance, supported by adoption of its AI-enhanced Intelligent Agreement Management platform.
Adjusted EPS was $0.92 for the quarter ended July 31, beating consensus by $0.07. Revenue grew 9% year-over-year to $800.6 million, surpassing estimates of $779.78 million. Billings climbed 13% to $818 million, while subscription revenue increased 9% to $784.4 million. Professional services revenue fell 13% to $16.2 million.
DocuSign lifted its FY revenue outlook to $3.19–$3.20 billion, above consensus of $3.16 billion, and projected Q3 revenue of $804–$808 million. Billings guidance was also raised to $3.34 billion for the year, implying 7.4% growth, with Q3 billings forecast at $790 million.
