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DocuSign Announces Second Quarter Fiscal 2022 Financial Results San Francisco - September 2 , 2021 – DocuSign , Inc. ( NASDAQ : DOCU ) , which offers the world's # 1 eSignature solution as part of the DocuSign Agreement Cloud , today announced results for its fiscal quarter ended July 31 , 2021 . I " I'm proud of how our team has continued to stay in front of the evolving COVID business environment , helping our over one million customers and over one billion users move forward . This has driven strong performance for our business , reflected in our 50 % year - over - year Q2 revenue growth , " said Dan Springer , DocuSign's CEO . " Organizations of all types and sizes are leveraging the power of the Agreement Cloud to digitize the most foundational process of doing business - the agreement process - starting with eSignature . In partnership with our customers , we are eliminating paper , automating end - to - end agreement processes , and enabling better experiences in the anywhere economy . " Second Quarter Financial Highlights ▪ ▪ DOCUSIGN , INC . ■ Exhibit 99.1 Total revenue was $ 511.8 million , an increase of 50 % year - over - year . Subscription revenue was $ 492.8 million , an increase of 52 % year - over year . Professional services and other revenue was $ 19.1 million , an increase of 3 % year - over - year . Billings were $ 595.4 million , an increase of 47 % year - over - year . GAAP gross margin was 78 % compared to 74 % in the same period last year . Non - GAAP gross margin was 82 % compared to 78 % in the same period last year . GAAP net loss per basic and diluted share was $ 0.13 on 196 million shares outstanding compared to $ 0.35 on 185 million shares outstanding in the same period last year . Non - GAAP net income per diluted share was $ 0.47 on 208 million shares outstanding compared to $ 0.17 on 203 million shares outstanding in the same period last year . Net cash provided by operating activities was $ 177.7 million compared to $ 118.1 million in the same period last year . Free cash flow was $ 161.7 million compared to $ 99.8 million in the same period last year . Cash , cash equivalents , restricted cash and investments were $ 887.2 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 2020 Product Release 2. DocuSign announced many new product capabilities with highlights in the following areas : DocuSign eSignature : Enhancements to ID Verification , DocuSign Click ( for enabling clickwrap agreements ) , and DocuSign Monitor ( for monitoring eSignature usage for unauthorized activity ) DocuSign CLM : A new connector with SAP Ariba Contract Workspace , a new Obligation Management feature for tracking important terms and due dates , and enhanced Al - based search and reporting within CLM + Other Areas : Split Documents for DocuSign Rooms for Mortgage , and new connectors ( with Salesforce and SAP Ariba ) for DocuSign Insight . 1