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Docusign, Inc. reports developments tied to its Intelligent Agreement Management platform, e-signature and contract lifecycle management software. Company news commonly covers AI-enabled contract review, agreement workflow automation, integrations with enterprise collaboration and AI platforms, and partnerships that connect legal analysis with contract creation, review, routing, signature and management.
Recurring updates also include quarterly and annual financial results, share repurchase authorizations, board and governance changes, and product research around agreement data and automated workflows. The company’s disclosures frame Docusign as a cloud software provider focused on turning agreements into managed digital workflows across legal, sales, procurement, HR and finance functions.
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.
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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.
DocuSign (Nasdaq: DOCU) will host its Annual Meeting of Stockholders as a virtual-only event on May 28, 2021, at 8:00 a.m. PT due to the ongoing COVID-19 pandemic. Stockholders can log in starting at 7:45 a.m. PT on the same day via www.virtualshareholdermeeting.com/DOCU2021. Those intending to vote must have their voter control number. Votes can be cast in advance until 11:59 p.m. ET on May 27, 2021. More details are available in supplemental proxy materials filed with the SEC on May 7, 2021.
DocuSign (NASDAQ:DOCU) introduces DocuSign Notary, a remote online notarization solution, enhancing the agreement process for organizations. This service allows notarization via secure audio-visual sessions, increasing speed and cost-efficiency. Announced at the Momentum conference, DocuSign Notary leverages technology from the acquisition of Liveoak Technologies, ensuring secure identity proofing and a detailed audit trail. Available for US customers in supported states, this innovation strengthens DocuSign's position in the electronic signature market.
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.