Docusign shares soar on strong Q2 print, upbeat ARR guidance

Investing.com -- Docusign Inc. shares were trading over 8% higher in after-hours trading on Thursday following the release of second-quarter results that exceeded Wall Street expectations.

The electronic signature company posted earnings per share of $1.16 for the quarter, surpassing the analyst estimate of $1.08 by $0.08. Revenue reached $875.7 million, above the consensus estimate of $867.2 million.

The company raised its annual recurring revenue growth outlook to a range of 8.5% to 9.0%, with a midpoint of 8.75%. This represents an increase from the 8.0% guidance provided in the prior two years.

"Docusign is raising its outlook as AI accelerates momentum across the business," said Allan Thygesen, CEO of Docusign. "We said IAM would be the agreement system of action, and this quarter we delivered. Our AI agents are now securely executing contract workflows end-to-end, and the IAM platform also ingested a record volume of agreements."

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