Reported 1 day ago
Docusign's stock plummeted 18% after the company reported first-quarter billings of $739.6 million, missing analyst expectations, and lowered its full-year billing outlook following a shift to an AI-driven platform. Despite better-than-expected earnings and revenue growth, the CEO acknowledged that the transition impacted billing sooner than anticipated, leading to a decline in early renewals.
Source: YAHOO