wonderfully unique software solutions

DocuSign ratchets up revenue growth in year-end report

E-signature and digital agreements specialist DocuSign says revenues rose 45% to $2.1bn (£1.6bn) in its fourth quarter, wrapping up its financial year ended 31 January.

Dan Springer, chief executive officer at DocuSign, said billings as well as operating and cash flow margins also increased.

“As we head into fiscal 2023, digital transformation and the need to agree from anywhere remains a high priority for organisations across the globe,” Springer said.

“As people begin to return to the office, they are not returning to paper.”

Springer said that applications for digital documentation, such as its own eSignature and Agreement Cloud, are set to remain desirable in an “evolving anywhere economy” – referring to the trend for organisations to support staff consistently working in different locations rather than simply from a centralised office.

Q4 revenue reached $580.8m, including subscription revenue of $564m, with the latter up 37% year-over-year. For the full year ending 31 January 2022, subscription revenue came to $2bn.

However, DocuSign’s professional services and other revenue was down 19% year-over-year to $16.8m in the quarter, and down 2% for the full year, according to the announcement.

In other news, DocuSign inked a deal with Zoom Communications in February 2022. DocuSign eSignature for Zoom enables organisations to seal contracts and agreements within a Zoom video conference call.

The partnership builds on previous announcements for integrations with Slack and Microsoft Teams.

( Image by Gerd Altmann from Pixabay  )

Recent Articles

Responsibility shifts towards vendors with US National Cybersecurity Strategy

The US government has called for aggressive regulation as part of its National Cybersecurity Strategy for 2023, ITops company Automox has warned.

Four critical challenges for cybersecurity provision in 2023

Skill sets, AI, co-operation, and climate have become the critical challenges for cybersecurity provision this year, according to Europe-based IT/OT security software...

Snow adds certifications to partner programme to drive Atlas sales

Technology intelligence software platform Snow Atlas has achieved ISO 27001 certification and completed the Service Organisation Control (SOC) 2 Type 1 examination...

Arista says edge threat defences could have safeguarded Tallahassee health

Tallahassee Memorial Health might not have been disrupted in February, requiring systems downtime and patient inconvenience, had it deployed strong edge threat...

OpenText Cloud Editions aim for accelerated AI and digital transformations

Information software company OpenText has whipped the covers off its Cloud Editions (CE) 23.1, which it says will support AI adoption and...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Weirdware monthly - Get the latest news in your inbox