Agreement cloud company DocuSign Inc ( DOCU ) reported financial results for the third quarter Thursday after the bell. Here’s a rundown of the report.

Q3 Earnings: DocuSign ( DOCU ) reported third-quarter revenue of $754.8 million, beating the consensus estimate of $745.26 million. The company reported third-quarter adjusted earnings of 90 cents per share, beating analyst estimates of 87 cents per share, according to Benzinga Pro.

Total revenue increased 8% year-over-year. Subscription revenue was up 8% year-over-year to $734.7 million and Professional services and other revenue climbed 11% to $20.1 million.

Billings came in at $752.3 million, up 9% year-over-year. Net cash from operating activities totaled $234.3 million. The company generated free cash flow of $210.7 million in the quarter. DocuSign ( DOCU ) ended the quarter with $1.1 billion in cash, cash equivalents, restricted cash and investments.

“Docusign delivered powerful new innovation for customers highlighted by new capabilities to its Intelligent Agreement Management (“IAM”) platform,” said Allan Thygesen, CEO of Docusign ( DOCU ).

“In Q3, early IAM momentum outpaced expectations, and we continued to drive improvement in our core business with strong revenue growth and operating profit.”

Outlook: DocuSign ( DOCU ) expects fourth-quarter revenue to be in the range of $758 million to $762 million versus estimates of $755.95 million. The company sees fourth-quarter billings in the range of $870 million to $880 million.

DocuSign ( DOCU ) expects fiscal year 2025 revenue to be in the range of $2.959 billion to $2.963 billion versus estimates of $2.948 billion.

DocuSign’s management team will hold a call with analysts and investors at 5 p.m. ET to further discuss the company’s quarterly performance.

DOCU Price Action: DocuSign ( DOCU ) shares were up 17.11% in Thursday’s after-hours session, trading at $98 at the time of publication, according to Benzinga Pro.

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