DocuSign Inc. (DOCU) saw its shares surge 15.28% in pre-market trading on Friday, December 6th, 2024, following the company's impressive third-quarter fiscal 2025 earnings report released after the market close on Thursday.

The e-signature and agreement cloud company reported revenue of $754.8 million for the quarter ended October 31st, 2024, beating analysts' estimates of $745 million. Adjusted earnings per share (EPS) came in at $0.90, outperforming the consensus forecast of $0.87. Billings grew 9% year-over-year to $752.3 million, driven by an 8% increase in subscription revenue to $734.7 million.

DocuSign's strong performance was fueled by the growing momentum of its recently launched Intelligent Agreement Management (IAM) platform, which integrates artificial intelligence (AI) and machine learning capabilities to streamline agreement workflows. The company introduced new features to the IAM platform during the quarter, such as DocuSign Navigator, which leverages AI to extract insights from agreements, and expanded third-party integrations with partners like Box, Dropbox, and Microsoft OneDrive.

At the DocuSign Discover 2024 event, the company showcased its IAM integrations with industry leaders like Microsoft, SAP, and Workday, further strengthening its developer ecosystem and fostering a thriving partner network. DocuSign also enhanced its Contract Lifecycle Management (CLM) offering, incorporating AI-assisted contract review capabilities and launching a new connector for SAP Ariba.

Buoyed by the strong quarterly performance and the promising outlook for the IAM platform, DocuSign raised its full-year fiscal 2025 revenue guidance to a range of $2.959 billion to $2.963 billion, up from its previous estimate of $2.94 billion to $2.95 billion. For the fourth quarter, the company projects revenue between $758 million and $762 million.