DOCU

🌎 DocuSign are down after the report despite a strong quarter.

Strengths of Q3 (October):
Revenue: $818.4 million (+8.4% YoY), above expectations - one of the best quarters in 2 years.

IAM platform: already has 25,000+ clients (up from 10,000 in April).

Why did the stock fall after the report and is there an opportunity here?

Forecast for Q4: revenue is within expectations, but not higher than it was in the last quarter.

Slower billing growth: after strong Q2.

DOCU refuses guidance on billings to smooth out volatility from renewals.

We believe that some decline will continue