DocuSign Jumps on Strong Quarterly Sales, Raised Billing Outlook
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DocuSign Inc. rallied 17% after reporting quarterly sales that topped analysts’ estimates and raising its billings forecast, signaling the e-signature business remains strong even as more workers return to offices.
Fiscal second-quarter revenue increased 22% to $622.2 million, the San Francisco-based company said Thursday in a statement. Analysts, on average, projected $602.7 million, according to data compiled by Bloomberg. Profit, excluding some items, was 44 cents a share, compared with the average estimate of 42 cents.