Docusign - DOCU STOCK NEWS

DocuSign (NASDAQ: DOCU) has launched DocuSign Ventures, aimed at fostering innovation in the agreement process through partnerships with early-stage companies. This initiative will co-invest in startups working on technologies that enhance agreement workflows, such as AI, identity verification, and digital payments. With over a billion global users, DocuSign provides unique expertise and access to its substantial customer base, including partnerships with companies like BlackBoiler and DataGrail. This move underscores DocuSign's commitment to evolving the agreement landscape.

DocuSign (NASDAQ:DOCU) has appointed Cameron Scott as its first Chief Communications Officer (CCO) on September 10, 2021. This newly created role aims to enhance the company's global communications strategy amid significant growth in the digital agreement sector. Scott, with over 20 years of experience in marketing and communication at firms such as Microsoft and GoDaddy, will oversee corporate, employee, and social media communications. The move reflects DocuSign's commitment to improving brand visibility and customer engagement in response to escalating demand for its services.

DocuSign reported a strong Q2 for FY2021, with total revenue of $511.8 million, marking a 50% year-over-year increase. Subscription revenue saw a 52% rise to $492.8 million, while billings grew 47% to $595.4 million. The company improved its GAAP gross margin to 78% from 74% last year. Despite a GAAP net loss of $0.13 per share, non-GAAP net income rose to $0.47. For Q3, DocuSign anticipates revenue between $526 to $532 million and a full-year outlook of $2.078 to $2.088 billion.

DocuSign (Nasdaq: DOCU) will release its second quarter fiscal 2022 results on September 2, 2021, after market close. A conference call will occur at 1:30 p.m. PT (4:30 p.m. ET) to discuss the financial results. The event will be available via a live webcast on the DocuSign Investor Relations website. For those unable to attend, a replay will be available until September 16, 2021, using the passcode 13722420.

DocuSign reported a strong fiscal Q1 2021 with total revenue of $469.1 million, representing a 58% year-over-year growth. Subscription revenue rose by 61% to $451.9 million. Billings reached $527.4 million, up 54% from last year. The GAAP net loss per share improved to $0.04 compared to $0.26 last year, while non-GAAP net income per diluted share was $0.44, significantly up from $0.12. Guidance for Q2 expects total revenue between $479 and $485 million. Cash reserves stood at $875.8 million.

DocuSign (Nasdaq: DOCU) has announced that CFO Cynthia Gaylor will present at several upcoming investor conferences. The events include the Evercore ISI Inaugural TMT Conference on June 7, 2021, at 1:15 p.m. PT, the Bank of America Securities Global Technology Conference on June 9, 2021, at 12:15 p.m. PT, and the Baird's Global Consumer, Technology and Services Conference on June 10, 2021, at 12:45 p.m. PT. Live webcasts of these presentations will be accessible through the DocuSign Investor Relations website.

DocuSign, listed as DOCU, will release its first quarter fiscal 2022 results on June 3, 2021, post-market close. A conference call to discuss these results is scheduled for 1:30 p.m. PT (4:30 p.m. ET). The call will be available via a live webcast on the DocuSign Investor Relations site. DocuSign supports over 890,000 customers globally, facilitating electronic agreements through its Agreement Cloud.

On May 13, 2021, DocuSign was recognized as a Leader in the 2021 Magic Quadrant for Contract Lifecycle Management by Gartner. This marks the second consecutive year DocuSign has achieved this status, placing highest for 'ability to execute' and gaining recognition for its 'completeness of vision.' The company has significantly invested in the DocuSign Agreement Cloud and enhanced its capabilities with AI and analytics. Gartner notes that Leaders are positioned to impact market direction and have proven business results, indicating DocuSign's strong market presence.