DocuSign Slides on Outlook After Third Quarter Beats Estimates

DocuSign Inc.’s AI-powered IAM platform helped the electronic-signature platform provider’s third-quarter results beat estimates, though its shares slipped as its outlook for the current quarter didn’t exceed analysts’ expectations.

The company in the last quarter surpassed 25,000 customers for IAM, or Intelligent Agreement Management, which became available to clients in May 2024. Revenue for the San Francisco-based company climbed 8.4% from a year earlier to $818.4 million, beating the average estimate of $807.1 million.