Docusign Stock Soars as Profit Doubles Expectations on Strong Billings | Global News Avenue

Document signature (Document library) shares soared nearly 20% on Friday, the day after the trade Electronic document software provider It posted better-than-expected results and raised guidance as billing and subscription revenue surged.

The company reported third-quarter fiscal 2025 profit of $62.4 million, or $0.30 per share, while analysts polled by Visible Alpha expected profits of $30.2 million, or $0.14 per share. Revenue of $754.8 million also topped expectations.

Billings grew 9% year over year to $752.3 million, while subscription revenue increased 8% to $734.7 million.

CEO says ‘fundamentals of core business have improved’

Chief Executive Officer (CEO) “The fundamentals of the core business have improved, continuing recent trends,” said Alan Thygesen. In addition, Thygesen added that Docusign “continued new customer growth, up 11% year over year, to 1.6 million customers. “

The company now expects full-year revenue of $2.959 billion to $2.963 billion, compared with an earlier forecast of $2.940 billion to $2.952 billion. Revenue is expected to be US$3.056 billion to US$3.066 billion, compared with the previous forecast of US$2.990 billion to US$3.030 billion. It also raised its subscription revenue forecast to $2.885 billion to $2.889 billion from $2.864 billion to $2.876 billion.

Docusign shares recently rose 19% to $99.92, their highest level since April 2022.