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DocuSign’s Stock Rises on Strong Earnings and New Board Chair
DocuSign’s Stock Rises on Strong Earnings and New Board Chair
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BTCCSquare news:
DocuSign (DOCU) shares surged 6% following a robust earnings report and the appointment of a new board chair. The electronic signature leader posted EPS of $0.92, surpassing the $0.85 consensus, with revenue hitting $800.6 million against estimates of $780.9 million—an 8.8% year-over-year increase.
Management raised full-year revenue guidance to $3.20 billion midpoint, up from $3.16 billion, while quarterly billings grew 12.9% to $818 million. The company named Mike Rosenbaum to its Board and James Beer as incoming chair, signaling fresh leadership amid post-pandemic challenges. DOCU remains down 63% over five years despite its pandemic-era boom.
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