Cloud-based electronic signature provider DocuSign, Inc. (DOCU) delivered stellar second-quarter results with upbeat guidance and exceeded the Street’s expectations. During the quarter, DocuSign helped over one million customers and over one billion users move forward with its Agreement Cloud software and eSignature offerings. DocuSign reported quarterly earnings of $0.47 per share, increasing 176.5% year-over-year and beating the Street’s estimate of $0.40 per share. (See DocuSign stock charts on TipRanks) Revenue climbed 50% year-over-year to $511.84 million and surpassed analysts’ estimates of $487.5 million. Revenue growth was driven by a 52% year-over-year increase in subscription revenue and a 47% rise in the billings to $595.4 million.
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DocuSign (NASDAQ:DOCU)
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