However, FQ3 revenue outlook of $88.6M-$89.6M is below the consensus estimate of $96.91M.
Net income in the quarter surged 71% to ~$36.7M ($0.19 basic, $0.17 diluted earnings per share) in the prior-year period.
Revenue of ~$93.7M was a ~40% year-over-year increase.
For full-year fiscal 2023, revenue outlook is $454M-$458M. Consensus is $452.57M.
Doximity's (DOCS) board also authorized a stock repurchase program of up to $70M of common stock beginning this quarter.
See why Seeking Alpha contributor WideAlpha is bullish on Doximity (DOCS).
However, FQ3 revenue outlook of $88.6M-$89.6M is below the consensus estimate of $96.91M.
Net income in the quarter surged 71% to ~$36.7M ($0.19 basic, $0.17 diluted earnings per share) in the prior-year period.
Revenue of ~$93.7M was a ~40% year-over-year increase.
For full-year fiscal 2023, revenue outlook is $454M-$458M. Consensus is $452.57M.
Doximity's (DOCS) board also authorized a stock repurchase program of up to $70M of common stock beginning this quarter.
See why Seeking Alpha contributor WideAlpha is bullish on Doximity (DOCS).