Docusign soared nearly 9% in morning trading on strong quarterly sales and raised billing outlook.
Fiscal second-quarter revenue increased 22% to $622.2 million, the San Francisco-based company said Thursday in a statement. Analysts, on average, projected $602.7 million, according to data compiled by Bloomberg. Profit, excluding some items, was 44 cents a share, compared with the average estimate of 42 cents.
It boosted its forecast for full-year billings to as high as $2.57 billion from $2.54 billion. Analysts, on average, projected $2.53 billion.
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