DocuSign Swings To A Quarterly Profit, Revenue Beats But Shares Fall

▤ Summary

DocuSign ( DOCU ) on Wednesday reported second-quarter earnings and revenue that topped consensus estimates, but shares in the maker of software that digitizes contract paperwork fell in after-hours trading.XThe company said that adjusted earnings were 3 cents a share, swinging to a profit from a year earlier, with revenue rising 33% to $167 million, topping analyst estimates.Analysts expected DocuSign to report earnings of 1 cent a share on sales of $159.6 million for the period ended July 31.The company in July announced board changes, with chairman Keith Krach and founder Tom Gonser stepping down by Jan. 1, 2019.The company added to its board Steve Singh, chief executive of Docker, and Blake Irving, the former CEO of GoDaddy.

▦ Linked Companies