DocuSign stock rises after earnings beat and raised outlook, despite macro pressures

DocuSign Inc. shares rose in the extended session Thursday after the e-signature company reported earnings that topped Wall Street expectations and hiked its outlook for the year.

Revenue rose to $687.7 million from $622.2 million in the year-ago period, while billings rose 10% to $711.2 million. Blake Grayson, on his first earnings call as chief financial officer since joining the company in mid-June to succeed Cynthia Gaylor, told analysts on the conference call the company had “no major plans” in the foreseeable future.

“It’s fairly unusual to have that sort of dynamic on a leadership team,” Thygesen said. Thygesen became CEO last Oct. 10 as part of a wide transformation at the company that was kicked off in June 2022. For the quarter ending in January, the company forecast revenue of $687 million to $691 million, and billings of $668 million to $678 million. Analysts expect earnings of 58 cents a share on revenue of $697.5 million and billings of $668.2 million for the fourth quarter,

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