DocuSign’s (DOCU) stock price skyrocketed over 20% in early morning trading on Thursday, following the company’s release of its third-quarter earnings report. As of this writing, shares are at $101.16 per share.
The company reported strong growth in several key areas, including total revenue, subscription revenue, and billings. Key highlights include:
– Total revenue: $754.8 million, a 8% year-over-year increase
– Subscription revenue: $734.7 million, also up 8% YOY
– Billings: $752.3 million, with a 9% year-over-year gain
DocuSign’s earnings beat analyst expectations on both revenue and adjusted earnings per share (EPS). The company raised its full-year fiscal 2025 forecast to between $2.959 billion and $2.963 billion, indicating confidence in its sales trajectories.
For the calendar year 2024, DocuSign’s stock has had a remarkable 68% surge. With shares reaching new highs at over $101 per share, investors are taking notice of the company’s growth prospects.
Source: https://www.fastcompany.com/91242077/why-docusign-stock-is-on-fire-today