DocuSign Shares Soar 17% Following Q2 Beat By Investing.com

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DocuSign Shares Soar 17% Following Q2 Beat

Published Sep 08, 2022 04:36PM ET Updated Sep 08, 2022 04:45PM ET

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By Davit Kirakosyan

DocuSign Inc . (NASDAQ:DOCU) surged more than 17% after-hours following the company’s reported Q2 results, with EPS of $0.44 coming in better than the consensus estimate of $0.42.

Revenue grew 22% year-over-year to $622.2 million, compared to the consensus estimate of $602 million. Subscription revenue grew 23% year-over-year to $605.2 million. Professional services and other revenue declined 11% year-over-year to $17.0 million.

"We delivered solid Q2 results, with a strong finish to the first half of the year. These results reflect the focus and dedication of our team on execution during this transition period, with a stronger foundation in place to deliver in the second half of the year,” said Maggie Wilderotter, DocuSign's Interim CEO and Board Chair.

The company expects Q3/22 revenue to be in the range of $624-628 million, compared to the consensus estimate of $625 million. For the full 2022-year, the company expects revenue in the range of $2.470-2.482 billion, compared to the consensus estimate of $2.47 billion.

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