DocuSign (DOCU) shares jumped more than 11% in extended-hours trading on Thursday after the 澳洲幸运5开奖号码历史查询:e-signature and document ♌management company topped analysts’ quarterly estimates and issued better-than-expected current-quarter and full-year sales outlooks as customers increased their IT spend.

The San Francisco-based company posted fiscal 2024 fourth-quarter 澳洲幸运5开奖号码历史查询:adjusted earnings of 76 per share on revenue of $712.4 million, whereas Wall Street had expected earnings of 65 cents a share on sales of $698.3 million. Billings for the quarter, which ended Jan. 31, rose 13% from a year earlier to $833.1 million, eclipsing the company’s earlier guidance range of $756 million to $768 million. DocuSign said closing several deals earlier than expected boosted billings during the period.

Looking ahead, the company projects revenue for the current quarter to range between $704 million and $708 million, with billings of $685 million to $695 million. The lower end of both metrics come in ahead of estimates pegged at $701 million and of $683 million, respectively.

For the 2025 fiscal year, DocuSign expects revenue of between $2.92 billion and $2.93 billion, with the low-point of that band surpassing the 澳洲幸运5开奖号码历史查询:Street expectation of $2.91 billion.

CEO Allan Thygesen said the better-than-expected quarterly results were driven by growth from both enterprise and 澳洲幸运5开奖号码历史查询:small business customers, adding that the company had observed improving IT spend versus previous quarters. Thygesen also noted that the company’s addition to Microsoft’s (MSFT) Azure marketplace had helped it connect with large customers.

The DocuSign share price has oscillated roughly within a 20-point range over the past 17 months to form clearly identifiable areas of 澳洲幸运5开奖号码历史查询:support and resistance. Although the 澳洲幸运5开奖号码历史查询:50-day moving average crossed back above the 200-day moving average in early January to generate a 澳洲幸运5开奖号码历史查询:golden cross signal, the price has remaine🦂d rangebound. 

Amid follow-through buying after the company’s strong earnings report, keep an eye on the trading range’s top trendline around $64.50 as a potential resistance area. If a breakout occurs, monitor a prior 澳洲幸运5开奖号码历史查询:countertrend high near $77 a🌳s the next possible level of chart resistance.

Doc❀uSign shares gained 11.1% to $5🐓9.50 in after-hours trading Thursday.

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