DocuSign reported strong financial results for Q1 fiscal 2025, with total revenue increasing 7% year-over-year to $709.6 million. Subscription revenue grew 8% to $691.5 million, representing 97% of total revenue. The company achieved net income of $33.8 million, a significant improvement from $0.5 million in the same period last year.Operating cash flow remained robust at $254.8 million, while non-GAAP operating margin expanded to 28.5%. The company continued to demonstrate strong customer growth, serving over 1.5 million customers including approximately 248,000 enterprise and commercial customers. During the quarter, DocuSign repurchased 2.5 million shares for $149.1 million as part of its stock repurchase program.Looking ahead, DocuSign launched its new Intelligent Agreement Management platform in April 2024, marking a strategic expansion beyond its core eSignature business. The company also announced plans to acquire Lexion, an AI-powered contract management platform, for approximately $165 million to enhance its product capabilities. Additionally, the board authorized an increase of $1 billion to the existing stock repurchase program in May 2024.

DocuSign reported strong financial results for Q1 fiscal 2025, with total revenue increasing 7% year-over-year to $709.6 million. Subscription revenue grew 8% to $691.5 million, representing 97% of total revenue. The company achieved net income of $33.8 million, a significant improvement from $0.5 million in the same period last year.Operating cash flow remained robust at $254.8 million, while non-GAAP operating margin expanded to 28.5%. The company continued to demonstrate strong customer growth, serving over 1.5 million customers including approximately 248,000 enterprise and commercial customers. During the quarter, DocuSign repurchased 2.5 million shares for $149.1 million as part of its stock repurchase program.Looking ahead, DocuSign launched its new Intelligent Agreement Management platform in April 2024, marking a strategic expansion beyond its core eSignature business. The company also announced plans to acquire Lexion, an AI-powered contract management platform, for approximately $165 million to enhance its product capabilities. Additionally, the board authorized an increase of $1 billion to the existing stock repurchase program in May 2024.