The global digital signature, and transaction management services company DocuSign (NASDAQ:DOCU) jumps 27.82% to its new high at $106.82 after the company reported better-than-expected third quarter earnings for fiscal year 2025.
There are a number of factors that boost the share price today. DocuSign posted the total revenues of $754.8 million, which went beyond the analysts' forecasts with net income of $62.4 million or $0.30 per share that were twice as much as the analysts expected.
Total subscription revenues stood at $734.7 million, up by 8% on the prior year while total billings for the same year were $752.3, an improvement of 9% over the previous year.
DocuSign immediately provided its full year revenue guidance mainly due to optimism and confidence in the future business growth which is estimated to be around $2.959 billion to $2.963 billion.
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