DocuSign, Inc. - DOCU STOCK NEWS

DocuSign reported strong Q2 results for the fiscal quarter ending July 31, 2022. Total revenue reached $622.2 million, up 22% year-over-year, with subscription revenue of $605.2 million increasing 23%. However, professional services revenue decreased 11%. The company recorded a GAAP net loss per share of $0.22, worsening from $0.13 last year, while non-GAAP net income per share fell to $0.44 from $0.47. DocuSign's total cash and investments totaled $1,129.6 million at quarter-end, and it provided guidance for Q3 and FY2023 with projected revenues between $624 million and $628 million.

DocuSign (NASDAQ: DOCU) will announce its second quarter fiscal 2023 results on September 8, 2022, after market close. A conference call is scheduled for 1:30 p.m. PT (4:30 p.m. ET) to discuss the financial results. Interested parties can access a live webcast on the DocuSign Investor Relations website. A replay will be available until midnight ET on September 22, 2022.

DocuSign has appointed Mary Agnes "Maggie" Wilderotter as interim CEO following Dan Springer's departure. Wilderotter, who has been with the company since March 2018, will also continue in her role as Chairman of the Board. The Board has engaged an executive search firm for the CEO search. Under Springer's leadership, DocuSign experienced significant growth and is positioned to capitalize on digital transformation trends. Wilderotter aims to enhance execution and profitability during this transition.

DocuSign reported strong fiscal first-quarter results for the period ending April 30, 2022, with revenue of $588.7 million, up 25% year-over-year. The company added nearly 67,000 new customers, expanding its base to 1.24 million. Subscription revenue rose to $569.3 million, marking a 26% increase. Billings increased by 16% to $613.6 million. While net loss per share was $0.14, cash flow from operations reached $196.3 million. The company anticipates total revenue between $600 and $604 million for Q2 2022.

DocuSign (NASDAQ: DOCU) announced an expansion of its strategic partnership with Microsoft on June 7, 2022, aimed at enhancing collaboration in the 'anywhere economy.' The partnership introduces new integrations across Microsoft 365, Dynamics 365, and Power Platform, allowing users to prepare, sign, and manage agreements more efficiently. Key innovations include real-time notifications for Microsoft Teams users and improved user interfaces. Microsoft will also adopt DocuSign solutions to streamline internal workflows, indicating a deeper integration between the two companies.

DocuSign (NASDAQ: DOCU) announced key leadership changes to enhance its growth trajectory. Inhi Cho Suh has been appointed as President of Product and Technology, transitioning from the Board of Directors. Jennifer Christie joins as Chief People Officer, while Jim Shaughnessy takes on the Chief Legal Officer role. Jerome Levadoux is promoted to Chief Product Officer. These leaders bring extensive experience from major companies like IBM and Twitter, underlining DocuSign's commitment to innovation and expanding its Agreement Cloud services for over a million customers globally.

DocuSign (Nasdaq: DOCU) will release its first quarter fiscal 2023 results on June 9, 2022, after market close. A conference call is scheduled for 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Investors can access the live webcast on the DocuSign Investor Relations website. A replay will be available until June 23, 2022. Currently, DocuSign is a leading provider of eSignature solutions, part of the DocuSign Agreement Cloud, with over a million customers and more than a billion users globally.

DocuSign announced that its Annual Meeting of Stockholders will be held virtually on June 3, 2022, at 9:00 a.m. PT due to health concerns from the COVID-19 pandemic. Participation requires a voter control number, with the option to log in starting at 8:45 a.m. PT. Stockholders as of April 6, 2022, may vote in advance until June 2, 2022, at www.proxyvote.com. More details can be found in the supplemental proxy materials filed with the SEC on May 12, 2022.

DocuSign has appointed Steve Shute as President of Worldwide Field Operations, effective May 9, 2022. With over 25 years of experience, including leadership roles at SAP and IBM, Shute is expected to unify sales and success teams and enhance growth strategies. DocuSign aims to scale its operations to achieve a $5 billion revenue goal and unlock a $50 billion total addressable market. CEO Dan Springer expressed confidence in Shute's ability to drive customer-centric growth and maintain a culture of trust.