Summary by Moomoo AI
On September 5, 2024, DocuSign, Inc. reported its financial results for the second quarter of fiscal year 2025, which ended on July 31, 2024. The company announced a 7% year-over-year increase in total revenue, reaching $736.0 million, with subscription revenue also rising by 7% to $717.4 million. Professional services and other revenue saw a 2% increase to $18.7 million. DocuSign's GAAP net income per diluted share significantly increased to $4.26, compared to $0.04 in the same period last year. Non-GAAP net income per diluted share was $0.97, up from $0.72. The company also reported a net cash provided by operating activities of $220.2 million and free cash flow of $197.9 million. Additionally, DocuSign began shipping its Intelligent Agreement Management platform during the quarter and made key executive appointments, including Paula Hansen as President and Chief Revenue Officer and Sagnik Nandy as Chief Technology Officer. Looking ahead, DocuSign provided guidance for the quarter ending October 31, 2024, with total revenue expected to be between $743 million and $747 million, and for the fiscal year ending January 31, 2025, with total revenue projected to be between $2,940 million and $2,952 million.