Reported 11 months ago
Shares of DocuSign (DOCU) have declined due to lower-than-expected second quarter billings guidance, despite a 7% increase in revenue for the first quarter. Analysts at Morgan Stanley noted that while results and guidance were below expectations, management remains optimistic about intelligent agreement management and potential future growth. The recent acquisition of AI-based agreement technology company, Lion, aims to automate workflows, but the impact on growth is still uncertain based on investor reactions.
Source: YAHOO