Exhibit 99.1

DocuSign Announces First Quarter Fiscal 2020 Financial Results

San Francisco – June 6, 2019DocuSign (NASDAQ: DOCU), which offers the world’s #1 eSignature solution as part of the DocuSign Agreement Cloud for digitally transforming how organizations prepare, sign, act on, and manage agreements, today announced results for its fiscal quarter ended April 30, 2019.

“Overall, we posted a solid first quarter for Fiscal 2020—revenues grew 37% year-over-year, we were again profitable on a non-GAAP basis, and we now have over half a million paying customers around the world. What’s more, we are seeing strong results from the work we’ve done to optimize our go-to-market sales motion, bringing in net new customers and expanding use cases within our installed base. And with the announcement of the DocuSign Agreement Cloud this quarter—our suite of products and integrations for automating the entire agreement process—we can now deliver a much broader set of solutions to market, positioning us as the next ‘must-have' cloud.” said Dan Springer, CEO of DocuSign.

First Quarter Financial Highlights

Total revenue was $214.0 million, an increase of 37% year-over-year. Subscription revenue was $201.5 million, an increase of 36% year-over-year. Professional services and other revenue was $12.5 million, an increase of 64% year-over-year.
Billings were $215.0 million, an increase of 27% year-over-year.
GAAP gross margin was 76%, compared to 63% in the same period last year. Non-GAAP gross margin was 79% compared to 80% in the same period last year.
GAAP net loss per basic and diluted share was $0.27 on 172 million shares outstanding compared to GAAP net loss per share of $7.46 in the first quarter of fiscal 2019 on 36 million shares outstanding.
Non-GAAP net income per diluted share was $0.07 on 189 million shares outstanding compared to non-GAAP net income per share of $0.01 in the first quarter of fiscal 2019 on 60 million shares outstanding.
Net cash provided by operating activities was $45.7 million, compared to $15.0 million in the same period last year.
Free cash flow was $30.4 million in the first quarter of fiscal 2020 compared to free cash flow of $8.8 million in the same period last year.
Cash, cash equivalents, restricted cash and investments were $937.0 million at the end of the quarter.

A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures and Other Key Metrics.”

Operational and Other Financial Highlights

DocuSign Agreement Cloud. In March the company announced the DocuSign Agreement Cloud—a suite of more than a dozen products and 350 integrations for digitally transforming how organizations prepare, sign, act on and manage agreements. By helping to automate and connect the entire agreement process, the DocuSign Agreement Cloud allows organizations to do business faster, with less risk, and lower costs, and in turn deliver better experiences for customers, partners, and employees. This comprehensive suite defines a new category of cloud software that we believe has the potential to significantly expand our total addressable market.
DocuSign Spring 19 Release. The company launched several new products and updates as part of the DocuSign Agreement Cloud: DocuSign Gen for Salesforce, which simplifies and accelerates the generation of signature-ready contracts from within Salesforce; DocuSign Click, which allows organizations of any size to capture consent to standard agreement terms on websites, such as a privacy policy, with a single click; and DocuSign Identify, which enables companies to automate the verification of government-issued IDs and European eIDs, for transactions that require them.
Seal Software Investment. The company announced a $15 million investment in Seal Software, a leader in artificial intelligence. Building on the partnership between DocuSign and Seal Software, this investment in Seal's artificial intelligence-based agreement discovery and analytics solutions builds on DocuSign’s commitment to make the DocuSign Agreement Cloud offering smarter and more impactful for customers.

1

The following information was filed by Docusign Inc (DOCU) on Thursday, June 6, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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