Docusign Inc (NASDAQ:DOCU) posted financial results for the second quarter of fiscal 2027 after the bell on Thursday. Here’s a look at the key metrics from the quarter.
- Docusign stock is moving. Where is DOCU stock going?
Docusign Q2 Highlights
Docusign posted second-quarter revenue of $875.75 million, beating the consensus estimate of $857.43 million, according to Benzinga Pro. The agreement management company reported adjusted earnings of $1.16 per share for the quarter, beating estimates of $1.09 per share.
Total revenue was up 9% year-over-year. Net cash from operations totaled $334.5 million, and free cash flow came in at $295.8 million in the quarter.
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.
Docusign expects third-quarter revenue to be in the range of $886 million to $890 million versus estimates of $888.56 million. The company also raised its fiscal 2027 revenue outlook to $3.499 billion to $3.507 billion, up from $3.49 billion to $3.502 billion, versus estimates of $3.497 billion.
“Docusign is raising its outlook as AI accelerates momentum across the business,” said Allan Thygesen, CEO of Docusign.
Docusign management will discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.
DOCU Shares Move Higher
DOCU Price Action: Docusign shares were up 5.35% in after-hours trading at $69.73 at the time of publication on Thursday, according to Benzinga Pro.
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