No. of Recommendations: 22
Unless I missed it, don’t think anyone has mentioned docu’s earnings release yet here

https://investor.docusign.com/investors/press-releases/press...

Stock is up about 20% today

41% revenue increase, about $15m above estimates. Good guidance for next quarter

94% of rev is subscription

Slightly profitable non gaap

Net retention 113%

Gross margin guided at 78-80%

25% increase in customers year over year to 537,000. Added 29,000 new customers during the quarter so still trending about consistent with the annual rate

13 analysts avg $65 target, 40% higher from here

I only have a small position but been hanging with them given that their e signature market is expected to grow at 20-25%+ for the next few years, even if their system of agreement/agreement cloud doesn’t take off (although I think it has a good chance to be successful too)


-mekong
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