DocuSign Inc (DOCU) delivered a positive earnings report for the second quarter, exceeding analysts’ expectations and raising its revenue outlook for the fiscal year 2025. The company reported revenue of $736 million, surpassing the consensus estimate of $727.36 million. DocuSign also reported adjusted earnings of 97 cents per share, beating analyst estimates of 80 cents per share. This strong performance reflects the company’s ongoing efforts to improve business stability and efficiency, leading to record operating profit.
DocuSign’s CEO, Allan Thygesen, highlighted the company’s positive trajectory, emphasizing the improvements in stability and efficiency. Looking ahead, the company expects third-quarter revenue to range between $743 million and $747 million, and second-quarter billings to fall between $710 million and $720 million. The company also raised its fiscal year 2025 revenue forecast to a new range of $2.94 billion to $2.952 billion.
Following the earnings announcement, several analysts made adjustments to their price targets for DocuSign stock. Baird analyst William Power maintained a Neutral rating but increased the price target from $55 to $59. Wells Fargo analyst Michael Turrin maintained an Underweight rating and raised the price target from $48 to $50. RBC Capital analyst Rishi Jaluria maintained a Sector Perform rating and increased the price target from $52 to $57.
DocuSign’s stock performance reflected the positive earnings report, closing 0.9% lower at $56.93 on Thursday. Investors are likely to watch closely as DocuSign continues to demonstrate its commitment to improving operational efficiency and achieving sustained growth.
