DocuSign Nudges Revenue Outlook Higher After 1Q Profit Rises

Dow Jones
Jun 05

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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