AI-driven business accelerates growth: DocuSign (DOCU.US) Q2 revenue rises by 9.4% year-on-year, with upgraded full-year performance guidance

Zhitong Finance APP has learned that electronic signature solution provider DocuSign (DOCU.US) saw its share price surge as much as 7% in after-hours trading on Thursday, after the company released its second quarter fiscal 2027 earnings report and raised its full-year revenue outlook. According to the earnings report, DocuSign’s revenue for the quarter reached $875.7 million, up 9.4% year-over-year, exceeding expectations by $8.54 million; adjusted earnings per share were $1.16, surpassing the market consensus of $1.09.

In the quarter ended July 31, its adjusted gross margin was 81.7%, slightly above the expected 81.6%; adjusted operating margin was 31.6%, also exceeding the 30% forecast. GAAP earnings per share came in at $0.40, compared to the expected $0.41.

Free cash flow was $295.8 million, with a margin of 34%, compared to $217.6 million and a margin of 27% for the same period last year.

At the end of the quarter, the company held total cash, cash equivalents, and investments of $973.1 million.

Chief Executive Officer Allan Thygesen stated, "DocuSign is raising its performance outlook because artificial intelligence is accelerating momentum across the business," "We have said that IAM will be the system of action for agreements, and this quarter we delivered on that promise. Our AI agents can now securely execute contract workflows end-to-end, while the IAM platform handled a record number of agreements."

For the current quarter in progress, DocuSign expects revenue to be between $886 million and $890 million, basically in line with the market's expectation of $888 million.

For the full fiscal year, the company raised its revenue forecast to a range of $3.5 billion to $3.51 billion, compared to the previous estimate of $3.49 billion to $3.5 billion. At the same time, it raised its adjusted operating margin forecast to 31%–31.5%, compared to the prior range of 30.5%–31%.