DocuSign Inc ( DOCU ) reported second-quarter financial results after the bell on Thursday. Here’s a rundown of the report.

Q2 Earnings: DocuSign ( DOCU ) reported second-quarter revenue of $736 million, beating the consensus estimate of $727.36 million. The agreement cloud company reported second-quarter adjusted earnings of 97 cents per share, beating analyst estimates of 80 cents per share, according to Benzinga Pro.

Total revenue and subscription revenue was up 7% on a year-over-year basis. Professional services and other revenue climbed 2% year-over-year. Billings came in at $724.5 million, up 2% year-over-year.

Net cash from operating activities totaled $220.2 million. The company generated free cash flow of $197.9 million in the quarter, up from $183.6 million in the prior year’s quarter. DocuSign ( DOCU ) ended the quarter with $1 billion in cash, equivalents, restricted cash and investments.

“Docusign continued its evolution with improved business stability and increased efficiency, resulting in record operating profit,” said Allan Thygesen, CEO of Docusign ( DOCU ).

“We’re proud that we began shipping our Intelligent Agreement Management platform this quarter and we are encouraged by the early results and customer feedback.”

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Looking Ahead: DocuSign ( DOCU ) expects third-quarter revenue to be in the range of $743 million to $747 million. The company sees second-quarter billings in the range of $710 million to $720 million. DocuSign ( DOCU ) also raised its fiscal year 2025 revenue to a new range of $2.94 billion and $2.952 billion.

Management will hold a conference call to further discuss these results at 5 p.m. ET.

DOCU Price Action: DocuSign ( DOCU ) shares were down 1.98% at $55.80 in after hours trading at the time of publication, according to Benzinga Pro.