.September 6, 2024 Friday 12:49 PM

DocuSign Inc (NASDAQ:DOCU) saw its shares rise over 3% today after reporting strong second-quarter results. The company exceeded expectations with adjusted earnings per share of $0.97 and revenue of $736 million, up 7% from last year.

Despite the positive results, DocuSign’s future outlook was met with caution from investors. The company’s third-quarter revenue guidance of $743 million to $747 million was only slightly above analyst estimates, and its fiscal year 2025 revenue projection of $2.94 billion to $2.952 billion was just slightly higher than expected.

CEO Allan Thygesen highlighted the company’s operational efficiency and record operating profits, as well as positive feedback on the new Intelligent Agreement Management platform from customers.