DocuSign, Inc. (NASDAQ:DOCU) Q2 2021 Earnings Conference Call - Final Transcript

Sep 03, 2020 • 04:30 pm ET


DocuSign, Inc. (NASDAQ:DOCU) Q2 2021 Earnings Conference Call - Final Transcript


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Good afternoon, ladies and gentlemen. Thank you for joining DocuSign's Second Quarter Fiscal 2021 Earnings Conference Call. As a reminder, this call is being recorded and will be available for replay from the Investor Relations section of the website following the call. [Operator Instructions]

I will now pass the call over to Anne Leschin, Head of Investor Relations. Please go ahead.

Annie Leschin

Thank you, operator. Good afternoon, everyone. Welcome to DocuSign's second quarter fiscal year 2021 earnings conference call. On the call with me today, we have DocuSign's CEO, Dan Springer; and CFO, Mike Sheridan. The press release announcing our second quarter results was issued earlier today and is posted on our Investor Relations website.

Before we get started, I'd like to let everyone know that we plan to participate virtually in several events in the upcoming weeks. First, the D.A. Davidson's 19th Annual Software & Internet Conference on September 9; Citi's 2020 Global Technology Conference on September 10; Deutsche Bank's Technology Conference on September 14; and Jefferies Virtual Software Conference on September 15. As other events come up, we will make additional announcements.

Now, let me remind everyone that some of our statements on today's call are forward-looking. We believe our assumptions and expectations related to these forward-looking statements are reasonable, but they are subject to known and unknown risks and uncertainties that may cause our actual results or performance to be materially different. In particular, our expectations around the impact of the COVID-19 pandemic on our business, financial conditions and results of operations are subject to change. Please read and consider the risk factors in our filings with the SEC together with the content of this call. Any forward-looking statements are based on our assumptions and expectations to date, and except as required by law, we assume no obligation to update these statements in light of future events or new information.

During this call, we will present GAAP and non-GAAP financial measures. Non-GAAP financial measures excludes stock-based compensation expenses, employer payroll tax on employees stock transaction, amortization of acquired intangible assets, amortization of debt discount and issuance costs from our notes, acquisition-related expenses and as applicable other special items. In addition, we provide non-GAAP weighted average share count and information regarding free cash flows and billings. These non-GAAP measures are not intended to be considered in isolation from or substitute for or superior to our GAAP results. We encourage you to consider all measures when analyzing our performance. For information regarding our non-GAAP information and most directly comparable GAAP measures and a quantitative reconciliation of those figures, please refer to today's press release, which can be found on our website at

I'd now like to turn the call over to Dan. Dan?

Dan Springer

Thanks, Anne. Good afternoon, everyone, and welcome to our second quarter earnings call for fiscal 2021. I appreciate everyone joining us today and I'd like to cover four key areas of the business with you: the evolution of COVID-19 and the impact we are seeing on our