DocuSign Inc. (NASDAQ:DOCU) is trending Friday after reporting second-quarter results Thursday after the market closed.

• DocuSign shares are advancing steadily. Why are DOCU shares climbing?

Q2 Highlights

DocuSign reported adjusted earnings per share of $1.16, beating the consensus estimate of $1.09. In addition, the company reported revenue of $875.746 million, beating the consensus estimate of $867.432 million.

DocuSign said it repurchased $306.5 million of its common stock during the quarter. The company ended the period with $973.1 million in cash, cash equivalents, and investments.

Q3, FY27 Guidance

DocuSign sees third-quarter sales of $886.000 million to $890.000 million, versus the consensus estimate of $888.558 million. The company also raised its fiscal-year 2027 sales guidance from a range of $3.490 billion to $3.502 billion to a range of $3.499 billion to $3.507 billion, versus the consensus estimate of $3.497 billion.

“DocuSign is raising its outlook as AI accelerates momentum across the business,” said Allan Thygesen, CEO of DocuSign.

DocuSign Shares Trade Flat

DOCU Price Action: At the time of publication, DocuSign shares are trading 0.62% higher at $66.38, according to data from Benzinga Pro.

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