On Friday, DocuSign (NASDAQ:DOCU) experienced a more than 4% increase in its share price following the release of its optimistic guidance for the forthcoming quarter and its surpassing of fourth-quarter earnings expectations. DocuSign, a platform that allows clients to sign documents and contracts digitally, saw a surge in popularity during the pandemic as businesses shifted to electronic document management. However, the demand for its services has recently seen a slowdown, due to a return to physical workplaces and the effect of surging inflation on customer spending.

Following the earnings report, CEO Allan Thygesen discussed the company’s enhanced performance during a call with analysts. He noted a 13% increase in billings compared to the same quarter last year, reaching a total of $833.1 million.

For the upcoming first quarter, DocuSign is forecasting revenues to be between $704 million and $708 million, which surpasses the predicted $700.5 million. The company’s expected billings are projected to be between $685 million and $695 million. Looking at the entire year, DocuSign anticipates revenues to fall between $2.92 billion and $2.93 billion, with billings estimated to be in the range of $2.97 billion to $3.02 billion.