DocuSign Inc (DOCU)

[eastunder]

DocuSign Stock Soars On Q2 Earnings Beat, Solid Billings Outlook
"We enter this next phase with a clear set of vital few deliverables for our people initiatives and product roadmap," said interim CEO Maggie Wilderotter.

MARTIN BACCARDAX
2 HOURS AGO
https://www.thestreet.com/markets/docusign-stock-soars-on-q2-earnings-beat-solid-billings-outlook?

DocuSign Inc. (DOCU) shares surged higher Friday after the online signature vending group posted stronger-than-expected second quarter earnings and a solid near-term outlook.

DocuSign which has been struggling to hold investor interest as pandemic-era restrictions bring more and more professionals back to the office, earned 44 cents per share over the three months ending in July, topping Street forecasts on a non-GAAP basis by around 2 cents per share.

The group also notched a 22% gain in revenues, which hit $622.2 million, and said full-year sales would likely rise to between $2.47 and $2.48 billion and billings of between $2.5 and $2.57 billion, thanks in part to an expanded partnership with Microsoft (MSFT) which will see the tech giant using DocuSign's products and services in its contract management workflows.

Cost cuts and pared-back spending plans helped operating margins improve on a sequential basis to 18%, the company said, a figure that is likely to hold up over the back half of its financial year.