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Docusign tops Q2 estimates and lifts full-year guidance
The company said Intelligent Agreement Management grew to more than 15% of recurring revenue, supporting its raised forward outlook.
Docusign beat analyst expectations in its Q2 results and raised full-year guidance, giving investors a clearer path for how the e-signature company is positioning for AI.
The company reported sales up more than 9% year over year, with profit and margins ahead of forecasts. Management also increased expectations for both revenue and recurring revenue growth as part of its updated outlook.
Docusign attributed momentum to customer growth, saying it reached a record high above 1.9 million customers. It also pointed to expansion of its Intelligent Agreement Management platform, which now accounts for more than 15% of recurring revenue, as evidence that its AI-focused strategy is gaining traction.
The firm framed its approach as extending contracts beyond the final signature, using Intelligent Agreement Management to manage the entire contract lifecycle rather than just signing. MarketBeat Ratings noted that the move is aimed at addressing investor concerns that AI could disrupt traditional document signing.