As part of its industry leading lineup, DocuSign, Inc. (NASDAQ: DOCU), which provides the world's most popular e-signature product as part of its industry leading product suite, today announced results for the fiscal quarter ended October 31, 2023.
The third quarter of DocuSign was a strong one for the company, with a record non-GAAP operating margin and free cash flow, according to CEO Allan Thygesen. As we expand past e-signature into intelligent agreement management, we are making progress on product innovation, go-to-market effectiveness, and operational efficiency. As we build on our considerable scale and trusted market position, we are making progress on product innovation, go-to-market effectiveness, and operational efficiency.
Highlights of the third quarter's financial results
An explanation of the non-GAAP financial measures and other key metrics that have been included in this press release includes both a reconciliation of GAAP financial measures with non-GAAP financial measures, and a reconciliation of non-GAAP financial measures with GAAP financial measures.
Highlights of the operation and other financial aspects of the business:
The outlook
Based on the company's current expectations, the following guidance is being provided:
Because of the inability to reasonably calculate or predict stock-based compensation expense at this time, the company has not reconciled its guidance of non-GAAP financial measures to the corresponding GAAP measures. Therefore, a reconciliation has not been provided.
Information about the webcast conference call
The company will host a conference call on December 7, 2023 at 2:00 p.m. PT (5:00 p.m. ET) to discuss its financial results. On the DocuSign Investor Relations website at investor.docusign.com, you can watch a live webcast of the event. You can dial in to the call by calling 877-407-0784 domestically or 201-689-8560 internationally. You may relisten by calling 844-512-2921 in the United States or internationally at 412-317-6671 using the passcode 13742533 until midnight (ET) on December 21, 2023.
DocuSign - What it is and how it works
The DocuSign platform redefines the way the world comes together and agrees, making agreements simpler, easier, and more trusted than ever before. In addition to its industry-leading product line, DocuSign also provides eSignature, the world's #1 way to sign electronically on practically any device, from almost anywhere, at any time as part of its industry-leading product line up. There are more than 1 billion people in the world today.There are over 4 million DocuSign customers and more than a billion users across 180 countries who use DocuSign products and solutions to speed up the process of doing business and simplify life for people. If you would like more information, please visit http://www..The DocuSign service.com
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There is a copyright for the mark DOCUSIGN® held by DocuSign, Inc. (www.docusign.com/IP). DocuSign, Inc. owns all rights to the mark DOCUSIGN®.
Contact information for investors: DocuSign Investor Relations [email protected]
MEDIA RESPONSIBILITIES:DocuSign Corporate Communications [email protected]
Statements that are forward-looking
We expressly caution you that this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve substantial risks and uncertainties.. Other than statements of historical fact contained in this press release, all statements, except for statements of historical fact, relating to our future operating results and financial position, our business strategy and plans, market growth and trends, objectives for future operations, as well as the impact these assumptions might have on our financial condition and results of operations, are forward-looking statements.. It is important to note that forward-looking statements in this press release include, among others, statements under the heading "Outlook" and any other statements about expected financial metrics, including revenue, billings, non-GAAP gross margins, non-GAAP operating margins, non-GAAP diluted weighted average shares outstanding, as well as non-financial metrics, such as our anticipated future products and product strategies, as well as statements regarding the expectations of our customers regarding the acceptance of those products.. The forward-looking statements generally relate to future events or our future financial or operating performance and are based on our expectations for the future. You can identify forward-looking statements from the use of certain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words. These words, as well as similar terms and expressions, are generally used to refer to our expectations, strategies, plans and intentions.
You can identify forward-looking statements from the use of certain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of these words. These words, as well as similar terms and expressions, are generally used to refer to our expectations, strategies, plans and intentions.

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