By Dean Seal
DocuSign bumped up its revenue guidance for the year after stronger uptake of its AI-powered platform helped lift its profit and revenue in the first quarter.
The electronic-signature company said it now expects $3.49 billion to $3.5 billion in revenue, lifting its previous target by $6 million. For the second quarter that ends July 31, revenue should rise 8% to between $865 million and $869 million, in line with analyst views.
Chief Executive Allan Thygesen said demand is growing for the company's AI-native Intelligent Agreement Management platform, which automates the entire lifecycle of business agreements from initial drafting to post-signature data management.
The platform represented almost 13% of DocuSign's annual recurring revenue in the fiscal first quarter, up from about 11% in the previous quarter.
Revenue for the quarter, which ended April 30, climbed 9% to $830.2 million. That beat analyst projections for $825 million, according to FactSet.
DocuSign posted a quarterly profit of $78.2 million, or 40 cents a share, up from $72.1 million, or 34 cents a share, in the same period a year earlier.
Stripping out one-time items, adjusted earnings were $1.09 a share. Analysts polled by FactSet had been expecting 99 cents a share.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 04, 2026 16:05 ET (20:05 GMT)
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