Published on 30 May 2024 on Zacks via Yahoo Finance
DocuSign (DOCU) Appreciates 23% in Six Months: Here's How
DocuSign, Inc. DOCU shares have gained 23% in the past six months compared with the 21% rally of the industry it belongs to and the 15% growth of the Zacks S&P 500 composite.
Reasons Behind the Rally
DocuSign registered growth in both earnings and revenues in the fourth quarter of fiscal 2024. Non-GAAP earnings of 76 cents per share increased 17% year over year and total revenues of $712.4 million were up 8% year over year.