Welcome to our dedicated page for DocuSign news (Ticker: DOCU), a resource for investors and traders seeking the latest updates and insights on DocuSign stock.
DocuSign, Inc. (NASDAQ: DOCU) is revolutionizing the way we execute agreements and conduct business globally. Established in 2003 and headquartered in San Francisco, DocuSign offers an industry-leading suite of cloud-based software solutions that empower organizations to automate the agreement process. With its flagship product, eSignature, DocuSign provides the world's #1 way to sign electronically on virtually any device, from almost anywhere, at any time.
More than 1.5 million customers and over a billion users in 180+ countries utilize DocuSign's comprehensive solutions to streamline business processes, reduce paper waste, and enhance productivity. Companies of all sizes and industries leverage DocuSign’s digital transaction management (DTM) platform and Agreement Cloud to accelerate contract cycles, approvals, and workflows.
The company's Agreement Cloud is a broad suite that includes products for generating, managing, and acting on agreements. Recently, DocuSign extended its offering with the introduction of Intelligent Agreement Management (IAM). This innovative platform utilizes AI to transform static documents into actionable data, thereby enhancing contract review, negotiation, and overall agreement management.
DocuSign has demonstrated robust financial performance and continuous innovation. For instance, its fiscal quarter ended October 31, 2023, marked record non-GAAP operating margins and free cash flow, a testament to its efficient operational strategies. The company’s recent acquisition of Lexion for $165 million will integrate advanced AI capabilities, further solidifying DocuSign's leadership in the IAM space.
To stay updated on DocuSign’s latest news, financial results, and product updates, one can follow @docusign on Twitter, Instagram, Snapchat, or Facebook and subscribe to the DocuSign blog. Investors can find detailed financial information and webcasts on the DocuSign Investor Relations website.
For support, visit www.docusign.com/support or call (866) 219-4318.
DocuSign (NASDAQ: DOCU) reported a remarkable fiscal 2021, with total revenue reaching $1.5 billion, a 49% increase year-over-year. The fourth quarter saw revenue of $430.9 million, up 57% year-over-year. Subscription revenue rose 50%, and professional services increased 29%. The company achieved a net retention rate of 123% and strong billings growth of 56%. Despite a GAAP net loss per share of $1.31, non-GAAP net income per diluted share improved significantly to $0.90. Guidance for fiscal 2022 anticipates total revenue between $1.963 and $1.973 billion.
DocuSign (Nasdaq: DOCU) will host its inaugural Analyst Day on March 24, 2021, at 11:00 a.m. PT/2:00 p.m. ET, alongside its customer conference, Momentum. The management team will present on the company's vision, market opportunities, product innovations, and financial outlook, followed by a Q&A session. Interested parties can register for the live webcast at the DocuSign Investor Relations website, with a replay available afterward.
DocuSign serves over 820,000 customers in 180+ countries, enhancing the agreement process through its Agreement Cloud.
DocuSign (Nasdaq: DOCU) announced that CEO Dan Springer will present at the Morgan Stanley Technology, Media & Telecom Conference on March 1, 2021, at 8:45 a.m. PT/11:45 a.m. ET. This fireside chat will be available via live webcast on the DocuSign Investor Relations website. DocuSign simplifies agreement management with its eSignature solution, being a leader in digital signing globally. The company serves over 820,000 customers in 180 countries.
DocuSign (Nasdaq: DOCU) will release its fourth quarter and full year fiscal 2021 results on March 11, 2021, after market close. A conference call is scheduled for 1:30 p.m. PT to discuss the results. Investors can access a live webcast on DocuSign's Investor Relations website. Over 820,000 customers and hundreds of millions of users in more than 180 countries utilize DocuSign's services to simplify business processes and improve efficiency.
DocuSign closed its offering of 0% convertible senior notes due 2024, raising $690.0 million in gross proceeds, including a full $90.0 million option. The notes, which are unsecured and carry no regular interest, mature on January 15, 2024. DocuSign plans to utilize approximately $677.3 million of net proceeds for repurchasing its 2023 convertible notes and general corporate purposes. The initial conversion rate is set at 2.3796 shares per $1,000 principal amount of notes, with a conversion price of approximately $420.24 per share, 60% above the January 12 closing price.
DocuSign has announced the pricing of $600 million of 0% convertible senior notes due 2024, up from an initially planned $500 million. The offering, set to close on January 15, 2021, includes an option for initial purchasers to buy an additional $90 million. The notes will not bear regular interest, maturing on January 15, 2024. DocuSign expects $588.9 million net proceeds, primarily for repaying existing 2023 notes and working capital. The initial conversion price is set at approximately $420.24 per share, reflecting a 60% premium over the January 12 closing price.
DocuSign announces the closing of a new $500 million revolving credit facility that will remain undrawn at closing. This five-year facility includes an accordion feature for an additional $250 million in capacity, subject to customary terms. CFO Cynthia Gaylor stated this move enhances financial flexibility, allowing the company to optimize its capital structure and support its growth agenda. Additionally, DocuSign launched a private offering of senior convertible notes.
DocuSign has proposed a $500 million offering of convertible senior notes due in 2024, subject to market conditions. Qualified institutional buyers will be eligible under Rule 144A. An additional $75 million may also be offered. The notes will be unsecured, with interest paid semi-annually, maturing on January 15, 2024. Proceeds will fund capped call transactions and repurchase a majority of 0.50% Convertible Senior Notes due 2023, alongside general corporate expenses. Foreseeable risks include market conditions impacting final terms and potential COVID-19 implications.
DocuSign (Nasdaq: DOCU) announced that CFO Cynthia Gaylor will present at two upcoming investor conferences. The first is the 23rd Annual Needham Virtual Growth Conference on January 11, 2021, at 8:30 a.m. PT. The second is the Goldman Sachs Technology and Internet Conference on January 12, 2021, at 2:20 p.m. PT. Both events will be accessible via live webcasts on the DocuSign Investor Relations website. DocuSign is widely used for eSignature solutions, serving over 820,000 customers globally.
DocuSign (NASDAQ: DOCU) has appointed Cain Hayes, the current President and CEO of Gateway Health Plan, to its board of directors. This move is integral to DocuSign's strategy to enhance its board with expertise in key industries such as healthcare and financial services. CEO Dan Springer emphasized the importance of this expansion as DocuSign positions itself as a critical software solution for a diverse range of customers. Hayes brings over two decades of executive experience, having previously held significant roles in prominent healthcare and insurance companies.
FAQ
What is the current stock price of DocuSign (DOCU)?
What is the market cap of DocuSign (DOCU)?
What does DocuSign, Inc. do?
How many users does DocuSign have?
What is Intelligent Agreement Management (IAM)?
When was DocuSign founded?
When did DocuSign complete its IPO?
How can I stay updated on DocuSign's latest news?
What recent accomplishments has DocuSign achieved?
What is the Agreement Cloud?
What recent acquisition did DocuSign announce?
Where can I find financial information about DocuSign?
