DocuSign's eSignature Adoption Is Soaring

Electronic document company DocuSign (NASDAQ: DOCU) has unsurprisingly been a beneficiary of trends of consumers and workers sheltering at home because of COVID-19. But the extent of the benefit DocuSign has seen and the implications this has on its future growth opportunity is quite significant, helping explain the growth stock's sharp rise higher recently.

While DocuSign's fiscal first-quarter results earlier this month were impressive, the top-line year-over-year revenue growth rate of 39% during the period understates the company's momentum as a result of this rapidly changing business environment, which was magnified by the impact of the coronavirus on the global economy. During the company's earnings call, management broke down some incredible insights on the surge in demand it has seen as a result of COVID-19, as well as why it thinks this bodes well for future quarters.

Here are three must-see takeaways from DocuSign's fiscal first-quarter earnings call.

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Source Fool.com