DocuSign (DOCU) reported solid profits and revenues in the fiscal first quarter. DocuSign allows organizations to manage electronic agreements. Following the announcement, shares of the company surged 5.8% in Thursday’s extended trading session after closing 2.9% lower on the day. The company reported earnings of $0.44 per share, which surged 266.7% compared to the prior-year quarter and beat analysts’ expectations of $0.28 per share. Total revenue came in at $469.1 million, which was above the Street’s estimates of $436.13 million, and jumped 58% from the year-ago period. Subscription revenue increased 61% year-over-year, while Professional services and other revenue was up 7%.
https://www.tipranks.com/news/docusign-gains-on-better-than-expected-q1-results
DocuSign (NASDAQ:DOCU)
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