DocuSign’s (DOCU) business remains brisk despite a bruised stock market and rising concerns of an economic growth slowdown in the US.

CEO Allan Thygesen said on Yahoo Finance’s Morning Brief on Friday that demand trends in February remained solid.

“As I looked at our February numbers, for example, our transaction volumes were pretty much on target with what we had expected — not seeing any major impact there,” Thygesen said. “So at this point, we haven’t seen any impact of the recent volatility.”

DocuSign reported on Thursday evening that fourth quarter earnings came in better than expected as more customers adopted its AI agreement technology. The momentum in the business appears to have legs as the company’s billings guidance surprised Wall Street estimates to the upside.

Shares of the software play rose more than 16% in Friday morning trading. The stock was the No. 1 trending ticker on Yahoo Finance.

“We maintain our positive view as we see potential for continued international expansion, IAM [intelligent agreements] optionality in FY26, and operating leverage in future years,” Citi analyst Tyler Radke wrote.

Radke reiterated a Buy rating on DocuSign’s stock.

• Fourth quarter net sales: +9% year over year to $776.3 million, vs. estimates for $761.5 million

• Billings: +11%% year over year to $923.2 million, vs. estimates for $863.8 million

• Diluted earnings per share: +13.2% year over year to $0.86, vs. estimates for $0.85

• First quarter:

• Full year:

• Gross profit margins dropped to 82.2% from 82.6% in 2024.

• DocuSign repurchased $683.5 million in stock versus $145.5 million in the same period last year.

• It reported a strong $1.1 billion in cash.

Brian Sozzi is Yahoo Finance’s Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.

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