Strong Q1 Financial Performance
Revenue of $764 million, representing an 8% growth, exceeded expectations driven by additional IAM customers and self-serve digital revenue contribution. Operating margins improved by 1% to 29.5%, and the company reported a 30% free cash flow margin.
DocuSign IAM Platform Growth
The IAM platform is the fastest-growing offering in DocuSign's history, with over 10,000 customers and significant usage increase. International IAM deals were up over 50% from the last quarter.
Momentum in Self-Serve and International Sales
Launch of self-serve IAM resulted in nearly 1,000 new customers within three weeks. Digital revenue grew at more than double the rate of overall revenue.
Positive Customer and Partner Engagement
Attendance at the Momentum conference grew by 70% over last year, with notable increases in partner attendance and executive participation. Partnerships with Deloitte and SAP led to significant wins.