The company that specializes in digital signatures and contract management software reported earnings per share (EPS) of $0.82 U.S., ahead of Wall Street expectations of $0.79 U.S.
Revenue in the latest quarter came in at $709.6 million U.S., up 7% from a year ago and above Wall Street consensus forecasts of $707 million U.S.
Subscription revenue totaled $691.5 million U.S., up 8% from a year ago. Billings were $709.5 million U.S., up 5% year-over-year.
The company has struggled since the Covid-19 pandemic ended and has been trying to turnaround its business.
However, the stock is down as analysts had been hoping to see a return to double-digit revenue growth at DocuSign, which flourished during pandemic lockdowns.
In terms of guidance, the company lifted its full-year outlook, saying it expects revenue of $2.92 billion U.S. to $2.93 billion U.S.
DocuSign also announced a new $1 billion U.S. stock repurchase program, which is on top of the $140 million U.S. remaining on its current buyback.
The stock of DocuSign has declined 5% over the last 12 months and currently trades at $54.60 U.S. per share.
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