By Connor Hart
DocuSign logged higher-than-expected profit and revenue in its fiscal fourth quarter, boosted by its new artificial-intelligence-enabled offerings.
The San Francisco e-signature company on Thursday posted a profit of $83.5 million, or 39 cents a share, for its three months ended Jan. 31, compared with a profit of $27.2 million, or 13 cents a share, a year earlier.
Adjusted per-share earnings came in at 86 cents, just ahead of the 85 cents that analysts surveyed by FactSet expected.
Revenue rose 9%, to $776.3 million. Analysts modeled sales of $761.2 million.
Subscription revenue also increased 9% from last year, while billings jumped 11%.
Chief Executive Allan Thygesen said the company's AI-powered agreement-management platform, Docusign IAM, is driving traction with customers. "We're well positioned to pursue the significant opportunity ahead," he said.
Shares rose 4.2%, to $77.85, in after-hours trading.
For its fiscal first quarter, ending April 30, DocuSign guided for revenue of $745 million to $749 million. Analysts polled by FactSet forecast $756.8 million in sales.
For its fiscal 2026, the company expects sales of $3.13 billion to $3.14 billion, just shy of analyst views for $3.15 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 13, 2025 16:33 ET (20:33 GMT)
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