DocuSign Reports First Quarter Financial Results | Financial Buzz

DocuSign Reports First Quarter Financial Results

DocuSign helps organizations connect and automate how they prepare, sign, act on, and manage agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, the world’s #1 way to sign electronically on practically any device, from almost anywhere, at any time. Today, more than half a million customers and hundreds of millions of users in over 180 countries use DocuSign to accelerate the process of doing business and to simplify people’s lives.

DocuSign, Inc. (NASDAQ: DOCU) reported financial results for the first quarter ended April 30th, 2020.  DocuSign offers the worlds #1 eSignature solution.  “Our strong first quarter results reflect our ability to help organizations accelerate their digital transformation as they adapt to the changing business environment, magnified by COVID-19. Many are taking their first steps with us, while others are expanding their initiatives,” said Dan Springer, DocuSign’s CEO. “Led by eSignature, our Agreement Cloud offerings are not only helping customers carry on with business in this time of crisis, but will continue to deliver value as the world emerges from it.”

Revenue amounted to USD 297 Million, a 39% increase year over year.  Subscription revenue summed up to USD 280.9 Million, a 39% increase year over year.  The Billings segment reached USD 342.1 Million, a 59% increase year over year. 

Free cash flow was USD 32.8 Million compared to USD 30.4 Million in the same period last year.