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DocuSign | 10-K: Annual report

SEC announcement ·  Mar 21 16:33
Summary by Moomoo AI
DocuSign, a leader in electronic signature technology, has reported its financial results for the fiscal year ended January 31, 2024. The company generated a total revenue of $2,761,882,000, a 10% increase from the previous year. Subscription services, which represent 97% of the total revenue, were the primary revenue driver, showing a 10% increase year-over-year. Professional services and other revenue also saw a 2% increase. The company's net income for the year was $73,980,000, a significant improvement from the previous year's net loss of $97,454,000. Operating activities provided a strong cash flow of $979,526,000, while capital expenditures were $92,391,000. DocuSign's cash, cash equivalents, and investments totaled $1.2 billion as of January 31, 2024. In terms of business development, DocuSign continues to expand its customer base, now serving over 1.5 million customers...Show More
DocuSign, a leader in electronic signature technology, has reported its financial results for the fiscal year ended January 31, 2024. The company generated a total revenue of $2,761,882,000, a 10% increase from the previous year. Subscription services, which represent 97% of the total revenue, were the primary revenue driver, showing a 10% increase year-over-year. Professional services and other revenue also saw a 2% increase. The company's net income for the year was $73,980,000, a significant improvement from the previous year's net loss of $97,454,000. Operating activities provided a strong cash flow of $979,526,000, while capital expenditures were $92,391,000. DocuSign's cash, cash equivalents, and investments totaled $1.2 billion as of January 31, 2024. In terms of business development, DocuSign continues to expand its customer base, now serving over 1.5 million customers globally, including approximately 242,000 enterprise and commercial customers. The company's focus on customer acquisition and retention is evident in its omnichannel go-to-market approach and over 900 active partner integrations. Despite a slight decrease in the number of customers with more than $300,000 in annualized contract value, DocuSign maintains a diverse and growing customer base with no significant customer concentration. Looking ahead, DocuSign plans to invest in growth by optimizing go-to-market efforts, driving product innovation, and considering strategic acquisitions and investments. The company aims to expand its international revenue, which currently represents 26% of total revenue, by leveraging investments in technology and strategic partnerships. DocuSign's future performance is expected to be influenced by its ability to grow its customer base, retain and expand contracts with existing customers, and increase international revenue.

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