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DocuSign Stock Jumps as Results Top Estimates on ‘Rapid Traction’ Of AI Platform
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Key Points
- DocuSign shares jumped Friday after tech firms reported fourth-quarter earnings better than analysts expected.
- Revenue and adjusted EPS have been rising since the same time last year.
- The electronic signature software maker said it is seeing “fast attraction with customers” for its new AI-driven contract management platform.
Docusign stocks (Docu) Electronic signature companies made the analysts’ estimates Friday morning in their last quarter estimates for fiscal 2025.
DocuSign reported on Thursday that adjusted EPS was $0.86, better than expected, with revenue of $776.25 million, about $15 million higher than the analyst consensus of the visible Alpha compilation. DocuSign’s adjusted earnings per share of $712.39 million a year ago was $0.76.
CEO Allan Thygesen said the company “fast attractions with customers” with its AI intelligent protocol management platform launched last year. DocuSign announced the product last April, saying it will help customers save time and money by creating, organizing and analyzing contracts more effectively.
DocuSign forecast revenues of $745 million to $749 million in the first quarter, and full-year revenues of $3.13 billion to $3.14 billion, each lower than analyst consensus. However, Billings’ estimated revenues in the first quarter are $741 million to $751 million, and $3.35 billion for the full year are $3.35 billion, respectively.
The technology company’s stock has risen more than 15% and has risen about 50% over the past 12 months.
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