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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  )

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