DocuSign's Q3 Financial Results Beat Expectations, Stock Reacts

DocuSign, the provider of the world's leading e-signature product, announced its financial results for the third quarter of fiscal year 2024. The company reported total revenue of $700.4 million, a 9% increase year-over-year, with subscription revenue reaching $682.4 million. DocuSign also achieved record non-GAAP operating margin and free cash flow. The company was named a leader in the 2023 Gartner Magic Quadrant for Contract Life Cycle Manager report and opened an engineering center of excellence in India. DocuSign also announced new product capabilities for generating agreements and managing end-to-end agreements. The company provided guidance for the upcoming quarter and fiscal year.