DocuSign, leading provider of electronic signature technology reported better than expected Q2 earnings as digitization of documents continues to become standard practice. DocuSign reported that its subscription revenue rose by 23% in the quarter, to $605.2 million. DocuSign also reported billings of $647.7 million, up 9% from a year ago. DocuSign’s is in transition following the resignation of longtime CEO Dan Springer in June. Springer led the company through its initial public offering. Docusign Inc NASDAQ: DOCU Reported Earnings After … Continue reading “DocuSign Raises Guidance as eSignature Software Subscription Revenue Expands”
DocuSign Raises Guidance as eSignature Software Continues To Gain Standard Practice
DocuSign, leading provider of electronic signature technology reported better than expected Q2 earnings as digitization of documents continues to become standard practice. Many had expected revenue growth to slow after the work-from-anywhere boom. $DOCU actually raised revenue guidance for Q3 and FY22.
Tech Giants Face Risk of Breakup and Fines with EU Digital Services and Digital Markets Acts
The European Commission announced the Digital Services and Digital Markets Acts in their battle to reign in the control and influence of tech giants who could face hefty fines up to 10% of annual global revenue for non-compliance and breakups. In the sights are social media platforms and online market places.
Epic Games Fortnite Sued For Being Addictive As Cocaine
Fortnight is a phenomenom, a game seemingly out of nowhere to having over 250 million users in just over two years. With that comes love, hate and of course legal opportunism in a time of no responsibility. A Canadian law firm is suing Epic Games for creating Fortnite that is “as addictive, and potentially harmful, as cocaine”
EU Opens Antitrust Probe Into Amazon Over Data
The European Union is probing into Amazon using data from smaller sellers as an unfair advantage in its marketplace over them. The investigation is in it’s “early days” Margrethe Vestager, the EU commissioner for competition, said and that a formal investigation has not been launched.
Oracle Wins Patent Copyright Court Case Over Google Using Java
Oracle was found in favor over Google in a copyright case involving Java software patents by an Appeals court. The court case took 8 years. $GOOGL potentially could owe billions of dollars to $ORCL for using Java in its Android operating system.
Chinese Cyber Court Next Step in Online Takeover of Society
China introduced cyber courts this week as we move further to an online world. In the U.S. we have everyone from President Trump down lamenting the destruction of traditional society, the big one of course is Amazon $AMZN.