5 Stocks in Limelight After Releasing Their Earnings Reports

3. DocuSign, Inc. (NASDAQ: DOCU)

Number of Hedge Fund Holders: 58

DocuSign, Inc. (NASDAQ: DOCU) recently caught investors’ attention after delivering impressive second-quarter results and improved full-year outlook. The company reported adjusted earnings of 47 cents per share for the three months ended 31 July, well above 17 cents per share in the comparable period of 2020.

Revenue for the quarter climbed 50 percent on a year-over-year basis to $511.8 million. Analysts, on average, were expecting DocuSign, Inc. (NASDAQ: DOCU) to post earnings of 40 cents per share on revenue of $488.7 million.

Commenting on the quarter, CEO Dan Springer said:

“I’m proud of how our team has continued to stay in front of the evolving COVID business environment, helping our over one million customers and over one billion users move forward. This has driven strong performance for our business, reflected in our 50% year-over-year Q2 revenue growth.”

DocuSign, Inc. (NASDAQ: DOCU) also updated the sales outlook for its fiscal 2022. It now expects revenue in the range of $2.078 billion – $2.088 billion, compared to its earlier guidance between $2.027 billion – $2.039 billion. The updated outlook is better than the consensus forecast of $2.05 billion.