Electronic signature company DocuSign saw its stock jump as much as 10 percent on Thursday after it reported strong results in its first earnings statement as a public company.
Here's how the company did:
- Earnings: Excluding certain items, 1 cent per share, vs. loss of 7 cents per share as expected by analysts, according to Thomson Reuters.
- Revenue: $155.8 million vs. $146.2 million as expected by analysts, according to Thomson Reuters.
The company said in a statement that revenue was up 37 percent year over year in the first quarter of its 2019 fiscal year, which ended on April 30. Most of the company's revenue comes from subscriptions, and that category was up 39 percent year to year.