Reported about 15 hours ago
Docusign faced a significant drop in stock value, losing over 12% in June due to disappointing billings figures despite a positive quarterly earnings report. Although revenue increased by 8% year-over-year and adjusted earnings exceeded expectations, analysts were concerned about billings falling short of expectations, prompting Docusign to lower its full-year guidance. The slower adoption of Docusign's new Intelligent Agreement Management platform may be contributing to this trend.
Source: YAHOO