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Why DocuSign Crashed 31.6% in June

·2 min read
Why DocuSign Crashed 31.6% in June
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DocuSign released its fiscal 2023 first-quarter earnings during the month and continued to demonstrate steady growth. Total revenue was up 25% year over year to $588.7 million with subscription revenue taking up the lion's share at 96.7% of the total. Compared with Q1 2022's 58% year-over-year revenue growth, the 25% chalked up for Q1 2023 is less than half that rate.