Why DocuSign Stock Soared Today

Shares of DocuSign (NASDAQ: DOCU) surged 20% on Friday, after the e-signature leader delivered sterling first-quarter results.  

DocuSign's revenue jumped 58% year over year to $469.1 million, while its adjusted earnings per share rocketed 267%, to $0.44. Both figures were comfortably ahead of Wall Street's expectations for revenue and adjusted EPS of $437.6 million and $0.28, respectively.

Investors cheered DocuSign's impressive first-quarter growth metrics. Image source: Getty Images.

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Source Fool.com