In an accelerating digital world where business can be conducted from almost anywhere, the e-agreement business is booming. DocuSign (NASDAQ: DOCU) outperformed in its last quarter, and earlier this month, CEO Daniel Springer noted during an industry conference that the company's total addressable market could be as large as $45 billion.
With a protracted shift in business habits in the making, this company is the next cloud-software platform on the rise .
DocuSign has made it a habit of increasing its total revenue every single year, and the latest quarter was as stellar as could be expected. A strong increase in total paying customers brought in 45% more revenue in the fiscal 2021 second quarter than the prior-year period.
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3 Signs DocuSign Could Be the Future Leader of a $45 Billion Industry