DocuSign Inc ( DOCU ) reported first-quarter financial results Thursday after the bell. Here are the key items to know.

Q1 Earnings: DocuSign's ( DOCU ) first-quarter revenue increased 7% year-over-year to $709.6 million, beating the consensus estimate of $707.133 million, according to Benzinga Pro. The agreement cloud company reported first-quarter adjusted earnings of 82 cents per share, beating analyst estimates of 79 cents per share.

Billings came in at $709.5 million, up 5% year-over-year. Net cash from operating activities totaled $254.8 million. The company generated free cash flow of $232.1 million in the quarter, up from $214.6 million in the prior year's quarter.

The company ended the quarter with $1.2 billion in cash, equivalents, restricted cash and investments.

“Docusign is off to a strong start in fiscal 2025. We launched a significant expansion to our company strategy with our announcement of the Docusign Intelligent Agreement Management platform,” said Allan Thygesen, CEO of Docusign ( DOCU ).

“In Q1, we continued to stabilize the business and improve profitability, allowing Docusign ( DOCU ) to continue investing for long term growth.”

DocuSign’s board also authorized a $1 billion increase to its existing stock repurchase program.

Outlook: DocuSign ( DOCU ) expects second-quarter revenue to be in the range of $725 million to $729 million versus estimates of $726.3 million. The company sees second-quarter billings in the range of $715 million to $725 million.

DocuSign ( DOCU ) expects fiscal year 2025 revenue between $2.92 billion and $2.932 billion versus estimates of $2.92 billion.

DocuSign’s management team will hold a conference call to discuss the company’s quarterly results at 5 p.m. ET.

Don’t Miss: What’s Going On With AMC Entertainment, Koss Corp, BlackBerry And Newegg Shares Thursday?

DOCU Price Action: DocuSign ( DOCU ) shares were down 3.62% at $52.67 in Thursday’s after-hours session at the time of publication, according to Benzinga Pro.