Pandemic Speeding Digital Transformation by 2-4 Years: DocuSign

DocuSign is thriving as a cloud software services provider during the pandemic, as COVID-19 speeds the digital transformation of key business processes by two to four years or more, said CEO Dan Springer on a fiscal Q3 investor call Thursday. Revenue in the quarter ended Oct. 31 grew 53% from a year earlier, he said. When customers go from paper-based processes to digital, “they do not go back,” he said. “We believe that trend will hold when the pandemic subsides.” Though substantial “global, social and economic challenges undoubtedly remain, we believe we are still just scratching the surface of our long-term opportunity,” he said. The stock closed 5.3% higher Friday at $243.22.