Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

<ul><li>DocuSign had a solid finish to 2021 as the management was successfully able to balance profitability and growth.</li><li>DocuSign added 28000 new customers to their kitty and saw a staggering 45% growth in the top-line as compared to 2020.</li><li>Overall, we remain optimistic about DocuSign and give the company stock an 'Outperform' rating with a revised target price.</li></ul>

DocuSign had a solid finish to 2021 as the management was successfully able to balance profitability and growth.DocuSign added 28000 new customers to their kitty and saw a staggering 45% growth in the top-line as compared to 2020.Overall, we remain optimistic about DocuSign and give the company stock an 'Outperform' rating with a revised target price.

<ul><li>The electronic signature market has accelerated after the Covid-19 induced tailwinds and market leader, DocuSign has continued to stay on top despite strong competition from a behemoth like Adobe.</li><li>Both companies have their fair share of positives and it is interesting to place them side-by-side and evaluate their financial performance.</li><li>It would also be interesting to look at the key competitive advantages that both, DocuSign and Adobe hold, which are making them such strong forces, not just in the e-signature market but also in other markets.</li></ul>

The electronic signature market has accelerated after the Covid-19 induced tailwinds and market leader, DocuSign has continued to stay on top despite strong competition from a behemoth like Adobe.Both companies have their fair share of positives and it is interesting to place them side-by-side and evaluate their financial performance.It would also be interesting to look at the key competitive advantages that both, DocuSign and Adobe hold, which are making them such strong forces, not just in the e-signature market but also in other markets.

Adobe vs. DocuSign - The E-Signature Playground (01/2022)

<ul><li>DocuSign delivered a fair result with third quarter as revenue increased 42% year over year to $545 million and the operating margin reached 22%, exceeding the company's guidance.</li><li>However, they fell short of their billing guidance, with a year-over-year increase of 28% and have heavily disappointed the market.</li><li>The biggest disappointment came in the form of a very weak fourth-quarter revenue guidance and an expectation for slowing growth in revenues and billions.</li></ul>

DocuSign delivered a fair result with third quarter as revenue increased 42% year over year to $545 million and the operating margin reached 22%, exceeding the company's guidance.However, they fell short of their billing guidance, with a year-over-year increase of 28% and have heavily disappointed the market.The biggest disappointment came in the form of a very weak fourth-quarter revenue guidance and an expectation for slowing growth in revenues and billions.

DocuSign: Not The Same Hypergrowth Story Anymore (12/2021)

<ul><li>DocuSign delivered another strong result with a perfect balance of growth and profitability at scale in the second quarter.</li><li>The company saw a staggering 50% year-over-year growth in revenues which crossed the $500 million mark on a quarterly basis whereas the company’s billings increased by 47% year-over-year to $595 million.</li><li>DocuSign's subscription revenue increased by 52% year-over-year to $493 million as a result of strong customer demand, early renewals, and driven by accelerated consumption from their expanding customer base.</li></ul>

DocuSign delivered another strong result with a perfect balance of growth and profitability at scale in the second quarter.The company saw a staggering 50% year-over-year growth in revenues which crossed the $500 million mark on a quarterly basis whereas the company’s billings increased by 47% year-over-year to $595 million.DocuSign's subscription revenue increased by 52% year-over-year to $493 million as a result of strong customer demand, early renewals, and driven by accelerated consumption from their expanding customer base.

<ul><li>(sample report) Given its market leadership and established brand name, DocuSign, continued its momentum of adding customers in its most recent result.</li><li>The company continued to hold its dominant position in the eSignature space delivering yet another strong quarter and has welcomed more than 70,000 new customers.</li><li>The company’s revenue crossed $1 billion in 2020 owing to robust customer growth primarily in eSignature offerings.</li></ul>

(sample report) Given its market leadership and established brand name, DocuSign, continued its momentum of adding customers in its most recent result.The company continued to hold its dominant position in the eSignature space delivering yet another strong quarter and has welcomed more than 70,000 new customers.The company’s revenue crossed $1 billion in 2020 owing to robust customer growth primarily in eSignature offerings.

United States

DocuSign, Inc. provides electronic signature solutions. The Company offers platform that enables businesses of all sizes to digitally prepare, sign, act on, and manage agreements. DocuSign serves mortgage, non-profit, government, real estate, insurance, technology, and healthcare industries worldwide.

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DocuSign (DOCU US)

DocuSign Inc.: Investment Thesis

DocuSign had a solid finish to 2021 as the management was successfully able to balance profitability and growth. DocuSign added 28000 new...

Baptista Research

Adobe vs. DocuSign - The E-Signature Playground (01/2022)

The electronic signature market has accelerated after the Covid-19 induced tailwinds and market leader, DocuSign has continued to stay on top...

Baptista Research

DocuSign: Not The Same Hypergrowth Story Anymore (12/2021)

DocuSign delivered a fair result with third quarter as revenue increased 42% year over year to $545 million and the operating margin reached 22%,...

Baptista Research

Docusign Inc - Investment Thesis

DocuSign delivered another strong result with a perfect balance of growth and profitability at scale in the second quarter. The company saw a...

Baptista Research

DocuSign Inc. - Invt Thesis

(sample report) Given its market leadership and established brand name, DocuSign, continued its momentum of adding customers in its most recent...

Baptista Research

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