RTTNews | Aug 11, 2021 10:37AM EDT

10:36 Wednesday, August 11, 2021 (RTTNews.com) - Doximity, Inc. (DOCS) shares are rising more than 21 percent on Wednesday morning trade after the company reported 36 percent growth in second quarter net profit supported by nearly double increase in revenues.

The quarterly net profit grew to $26.3 million or $0.09 per share from $1.5 million or $0.00 per share in the previous year. On an adjusted basis, earnings were $30.6 million.

Revenue for the second quarter increased to $72.7 million from $36.4 million last year.

Currently, shares are at $64.41, up 21.69 percent from the previous close of $52.93 on a volume of 1,051,651. For the 52-week period, the shares have traded in a range of $41.17-$68.71 on average volume of 1,757,075.

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