Needham表示，文献表明ARR增长可能超过10%

2025-12-18 03:30

Docusign (DOCU) is capable of hitting — and surpassing — 10% growth in annual recurring revenue, investment firm Needham said, after a recent meeting with company management.
“The change in billings guidance to [annual recurring revenue] guidance garnered the most interest among those attending the [earnings] call, given the audience questions we fielded during the call,” Needham analyst Scott Berg wrote in a note to clients. “Our key takeaways from the call were: a stable and consistent demand environment, IAM showing strong early adoption and usage trends within its 276k direct sales customers, ARR replacing billings to reduce early renewals & deal timing noise, and OpenAI concerns during the previous quarter are seemingly overblown as the company should actually benefit through integrations with [large language models].” Berg has a Hold rating on Docusign.
Docusign shares were lower in late afternoon trading on Wednesday.

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