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DocuSign stock jumps on expanded integration deal with Microsoft

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Yahoo Finance Live anchors discuss the rise in stock for DocuSign amid expanded integration deal with Microsoft.

Video Transcript

JULIE HYMAN: Well, when it comes to the dippity-dip-dip, our next stock that we're watching this morning has had quite a few of those on the way down, but it's gone up a little bit today. That is DocuSign. It is rising on news of an expanded deal, an extended deal with Microsoft that would deepen the integration between products from the two companies. The move will see e-signature functionality broadened into Microsoft's cloud software, as well as its classic productivity suite.

And any news is good news, I think, for DocuSign at this point in time because of that, as you can see, 41% drop in the shares year to date. And by the way, I think that drop gets worse if you extend it into late last year. DocuSign has been one that's-- there you have it-- has been one of the poster children, right, for this post-pandemic play.

BRIAN SOZZI: It was a pandemic darling because none of us would go out or could go out and get paper documents and sign it. But this is a good win for DocuSign. And we've talked to CEO Dan Springer a lot the past two years. And he admitted the past two quarters that they took their eye off the ball. You also have international sales slowing, but this is a nice win for this company that has technology. I still don't see a lot of other people doing it, nor the same name notoriety as a DocuSign.

BRAD SMITH: Yeah, and I mean, this just adds on to the partnership that they already had with Microsoft in some of the 365, the Dynamics 365, the Power Platform applications. And so, just furthering this platform, furthering any opportunity for DocuSign to continue to boost their business prospects by selling into an existing user base that has a heavy collaborative suite, one of the most known industry wide for some of those corporate collaboration tools.