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 reported strong Q3 fiscal results for the quarter ended October 31, 2020, with total revenue reaching $382.9 million, a 53% increase year-over-year. Subscription revenue was $366.6 million, up 54%, while billings rose 63% to $440.4 million. Despite a GAAP net loss of $0.31 per share, non-GAAP net income improved to $0.22 per share. Operating cash flow was $57.4 million, compared to a loss last year. The company projects revenue of $404 million to $408 million for Q4 and $1.426 billion to $1.430 billion for the fiscal year.
DocuSign (Nasdaq: DOCU) announced that CEO Dan Springer will present at the UBS Global TMT Virtual Conference on December 7, 2020, at 9:05 a.m. PT/12:05 p.m. ET. The event will be streamed live on the DocuSign Investor Relations website. DocuSign is a leader in eSignature services, aiding nearly 750,000 customers and millions of users globally to manage agreements efficiently. The company's solutions are pivotal for businesses to accelerate operations and enhance productivity.
DocuSign (Nasdaq: DOCU) announced its third quarter fiscal 2021 results will be released on December 3, 2020, after market close. A conference call to discuss the financial results is scheduled for 1:30 p.m. PT (4:30 p.m. ET). The event will be accessible via a live webcast on the DocuSign Investor Relations website. DocuSign, with nearly 750,000 customers globally, continues to enhance how organizations manage agreements through its Agreement Cloud, offering a seamless eSignature experience across devices.
DocuSign (NASDAQ:DOCU) has launched DocuSign Analyzer, an AI-driven contract analytics tool aimed at improving the review process for incoming agreements. This extension of DocuSign Insight allows stakeholders to identify risks and opportunities in contracts, potentially saving companies significant time and money during negotiations. Recent studies indicate that nearly 50% of companies struggle with problematic contract language, while contract negotiations can take over 30 hours on average. Analyzer is available in the US, UK, Canada, and Germany, enhancing DocuSign's Agreement Cloud offerings.
DocuSign has promoted Michael Sheridan to President of International to focus on the company's global growth strategy, especially within its $200 million international business, which currently represents less than 20% of total revenue. Cynthia Gaylor was appointed as the new CFO, bringing over 25 years of finance experience. The leadership changes aim to capitalize on international market potential, which constitutes over half of DocuSign's total addressable market. Additionally, Teresa Briggs and James Beer have been appointed to the board, enhancing the company's governance.
DocuSign reported strong financial results for the fiscal quarter ending July 31, 2020, with total revenue reaching $342.2 million, a 45% year-over-year increase. Subscription revenue also rose 47% to $323.6 million, while billings increased 61% to $405.7 million. Although the company experienced a GAAP net loss of $0.35 per share, non-GAAP net income was $0.17 per diluted share. DocuSign's cash position improved to $740.6 million. The firm acquired Liveoak Technologies to enhance remote agreement capabilities and announced a positive outlook for upcoming quarters.
DocuSign (Nasdaq: DOCU) announced CEO Dan Springer will present at several upcoming investor conferences. These include the D.A. Davidson Annual Software & Internet Conference on September 9, 2020, at 2:45 p.m. PT, Citi's 2020 Global Technology Conference on September 10, 2020, at 3:05 p.m. PT, Deutsche Bank's 2020 Technology Conference on September 14, 2020, at 12:20 p.m. PT, and Jefferies Virtual Software Conference on September 15, 2020, at 9:30 a.m. PT. Live webcasts will be available on DocuSign's Investor Relations website.
DocuSign (NASDAQ:DOCU) announced the appointment of Kamal Hathi as the new chief technology officer (CTO) on August 24, 2020. Hathi brings over 25 years of technology experience, including roles at Microsoft and Trader Interactive. His focus will be on enhancing the DocuSign Agreement Cloud and advancing the company's technology strategy. Hathi aims to drive rapid innovation and maintain DocuSign's leadership in the cloud ecosystem, emphasizing automated and efficient customer experiences.
DocuSign (Nasdaq: DOCU) will release its second quarter fiscal 2021 results on September 3, 2020, after market close. A conference call to discuss the results will be held at 1:30 p.m. PT (4:30 p.m. ET). Investors can access the live webcast on the DocuSign Investor Relations website. The company supports over 500,000 customers with eSignature solutions globally, emphasizing its role in streamlining agreement processes.
DocuSign (NASDAQ:DOCU) has acquired Austin-based Liveoak Technologies for $38 million in an all-stock transaction. This move aims to enhance DocuSign's offerings, particularly the launch of DocuSign Notary, a remote online notarization product leveraging Liveoak's technology. The integration will allow notarized transactions via video, catering to the growing demand for remote solutions, especially amid the pandemic. Liveoak's secure platform and existing partnership with DocuSign are expected to accelerate the development of new functionalities within the DocuSign Agreement Cloud.
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