DocuSign, a leader in electronic signature and contract lifecycle management (CLM) solutions, reported its first-quarter financial results for the period ending April 30, 2024. The company saw a total revenue increase to $709.6 million, up 7% from $661.4 million in the same period the previous year. Subscription revenue, which represents 97% of total revenue, grew by 8% year-over-year, driven by customer expansion and new customer acquisitions. Despite this growth, the company experienced a net income of $33.8 million, a significant increase from $539,000 in the prior year. Operating activities generated $254.8 million in net cash, up from $233.6 million in the previous year. DocuSign's customer base grew to over 1.5 million, including approximately 248,000 enterprise and commercial customers, up from 220,000 the previous year. The company's international revenue also...Show More

DocuSign, a leader in electronic signature and contract lifecycle management (CLM) solutions, reported its first-quarter financial results for the period ending April 30, 2024. The company saw a total revenue increase to $709.6 million, up 7% from $661.4 million in the same period the previous year. Subscription revenue, which represents 97% of total revenue, grew by 8% year-over-year, driven by customer expansion and new customer acquisitions. Despite this growth, the company experienced a net income of $33.8 million, a significant increase from $539,000 in the prior year. Operating activities generated $254.8 million in net cash, up from $233.6 million in the previous year. DocuSign's customer base grew to over 1.5 million, including approximately 248,000 enterprise and commercial customers, up from 220,000 the previous year. The company's international revenue also increased, representing 28% of total revenue compared to 25% in the same quarter last year. DocuSign continues to invest in growth, focusing on product innovation, strategic acquisitions, and expanding its international presence. The company plans to roll out its new IAM platform and pricing model starting fiscal 2025, expecting eSignature to remain the majority revenue contributor in the near term. DocuSign also completed the acquisition of Lexion for approximately $165 million in May 2024 and authorized an additional $1 billion for its stock repurchase program.