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DocuSign Stock (NASDAQ:DOCU) Surges after Reporting Q2 Earnings; Here’s Why

Shares of document technology company DocuSign (NASDAQ: DOCU) are up more than 17% in after-market trading as the company beat analyst estimates for Fiscal Q2 2023.

DocuSign posted earnings per share (EPS) of $0.44, beating estimates by $0.02. Revenue of $622.18 million (+22% Y/Y) beat estimates by $20 million. For the fiscal year, DocuSign expects revenue of $2.47 billion to 2.482 billion, above analyst estimates.

At last check, DOCU stock is trading hands at $68.10 after closing at $57.95 during regular trading hours.

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