DocuSign shares rise after Q2 results and raised 2027 sales outlook
DocuSign reported adjusted EPS of $1.16 versus $1.09 consensus and revenue of $875.746 million versus $867.432 million consensus. The company repurchased $306.5 million of stock, raised FY27 sales guidance, and guided Q3 sales to $886.000 million-$890.000 million.
DocuSign Inc. (NASDAQ: DOCU ) is trending Friday after reporting second-quarter results Thursday after the market closed.
DocuSign shares are advancing steadily.
Why are DOCU shares climbing? Q2 Highlights DocuSign reported adjusted earnings per share of $1.16, beating the consensus estimate of $1.09.
In addition, the company reported revenue of $875.746 million, beating the consensus estimate of $867.432 million.
DocuSign said it repurchased $306.5 million of its common stock during the quarter.
The company ended the period with $973.1 million in cash, cash equivalents, and investments.
Q3, FY27 Guidance DocuSign sees third-quarter sales of $886.000 million to $890.000 million, versus the consensus estimate of $888.558 million.
The company also raised its fiscal-year 2027 sales guidance from a range of $3.490 billion to $3.502 billion to a range of $3.499 billion to $3.507 billion, versus the consensus estimate of $3.497 billion. “DocuSign is raising its outlook as AI accelerates momentum across the business,” said Allan Thygesen, CEO of DocuSign.
Read Also: Stock Market Today: Dow Jones Futures Fall, S&P 500, Nasdaq 100 Rise Ahead of August's Jobs Report — LULU, PATH, DOCU in Focus DocuSign Shares Trade Flat DOCU Price Action: At the time of publication, DocuSign shares are trading 0.62% higher at $66.38, according to data Pro.
Image via Shutterstock