DocuSign (NASDAQ:DOCU) shares rose more than 4% on Friday after the company announced promising guidance for the upcoming quarter and exceeded expectations for its fourth-quarter earnings. DocuSign enables customers to digitally sign documents and contracts, a service that became increasingly popular during the pandemic as companies transitioned to electronic document management. Recently, the demand for DocuSign’s services has moderated, influenced by the return of more employees to physical offices and the impact of rising inflation on client expenditures.

In a call with analysts following the earnings report, CEO Allan Thygesen highlighted an “improvement” in the company’s performance for the quarter, with billings up 13% from the same period last year, reaching $833.1 million.

For the first quarter, DocuSign anticipates revenue between $704 million and $708 million, surpassing the $700.5 million forecast. The company expects billings to range from $685 million to $695 million. For the entire year, DocuSign projects revenues to be between $2.92 billion and $2.93 billion, with billings estimated to be in the range of $2.97 billion to $3.02 billion.

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