Thank you. Good afternoon, everyone, and welcome to our third-quarter earnings call. DOCU has made two key acquisitions this year. And even if we get an RFP in or someone calls up and just says, "Give me signature right now," you're going to listen to a DocuSign Agreement Cloud pitch. But we've also, this year, more than ever, when we finished that sort of explanation and articulation of the power of that Agreement Cloud vision, most of them this year have said, "That's fantastic, and I look forward to doing that, but I need some signature today." And so I think getting that platform the place where we want it to be, would be the third of those important development priority. In terms of proximity to its 52-week high, which is a key factor that our Buy & Hold Grade takes into account, DOCU’s positioning is not favorable. And it's almost hard for the folks that are CLM-focused or Seal-focused to sort of get attention to keep up with that rate. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Patrick Walravens -- JMP Securities -- Analyst. Our next question comes from the line of Stan Zlotsky with Morgan Stanley. And our customers expanded their use of DocuSign at the highest levels we've seen to date, yielding a net revenue retention rate of 122%. Now let me remind everyone that some of our statements on today's call are forward-looking. So we have a huge focus on integrating that team and integrating that technology. DocuSign Stock Forecast is based on your current time horizon. So we expect international to grow fast or coming off a smaller base. So in the end, I think the right way to think about the business is it is volume. While we expect the digital-first trend to continue into the future and drive DocuSign's growth at scale, the peak growth rates in any given quarter may not be sustained indefinitely. Yes, I got confused on the partner side. However, the stock plunged after the recent tech sell-off. I think our enterprise business has done really well. Long term, we want to be Agreement Cloud companies. The forecast for beginning of August 101. So that said, we do believe there are probably interesting opportunities where our customers over time could get comfortable with us saying, "Hey, we want to monetize some of what's happened here in a different way." They had a really important priority for their business in this really challenging time. It's a really helpful question. These follow a familiar pattern for us to make DocuSign available wherever business gets done. Amazon Stock Forecast 2021, 2022, 2023. So to wrap up my comments today. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. And they're now planning hundreds of use cases to support other future needs. Yes. The government strength we saw this year, I think we expect to continue into the year as well. I don't know whether in the first quarter or second quarter or maybe it's a couple of quarters post vaccine. We think it's going to be, as we talked about in the earlier questions, hugely important part of building this significant opportunity that we have. Or have deals been coming in similarly to what pre-pandemic compositions were? Now people are coming back and saying those are critical to our future. You may proceed with your question. And that's just one example. But I'd love to understand how deep, you think the AI ultimately gets and the use cases because that obviously ends up being a whole analytics TAM and a contract TAM that we aren't including today. DocuSign Inc. analyst estimates, including DOCU earnings per share estimates and analyst recommendations. Hi. And then after that, we're going to be talking about $10 billion in revenue. Thanks, Annie. And so we will look at that in fiscal '22, calendar '21, to accelerate that and do even more. So you're saying that the Insight as a partner? Awesome. And I think to your question about the implication going forward, I think the first implication is just what you said, is that our customers are saying they want to do more DocuSign. What do you want the solution to do in the future that it can't do today? So you've had a record number of enterprise and commercial customer adds the last three quarters. But it's kind of hard not to think about all three, Pat, for me. What are you guys seeing as far as the dynamics in international, in rest of the world versus the U.S.? Other popular stocks in the industry are Endava plc (. The company has been posting record revenue growth. DOCU stock on the rise Friday after Docusign (DOCU) reported positive earnings results for its third quarter of fiscal 2021. How do we sort of handicap or think about that? Yes. And with our recent momentum, we continue to see new partners join our ecosystem at a healthy clip. I mean I think we've been very specific about what we've tried to do with our M&A strategy, which is to say, we're not looking from a strategy standpoint for sort of blockbuster deals in terms of, let's go buy lots of revenue per se. And I think that we've seen real strength there, and I think we're going to continue to see strength. The Motley Fool owns shares of and recommends DocuSign. They're more rapidly getting to a place where they've used up that capacity. To see all exchange delays and terms of use, please see disclaimer. Got it. They don't have the quality of service that we have. Thanks for taking my question. 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And so when we look at our revenue growth, I think you'll see next quarter — when Cynthia pulls together, I think what you will see is an exciting growth future for us, and probably from a billing standpoint, slightly below the incredible numbers we put up the last few quarters. But the growth has been very strong, and it's been consistent. As you think about the amount of data you have, do you think, I guess to a point where you start doing sort of even deeper contract analysis? And maybe similar to one of the previous questions, what does that say about the durability of the net retention levels we've seen recently? These two platforms will be integrated into the Agreement Cloud suite of products to enhance the breadth of its offerings. I wanted to dig in for a second on just the adoption of the broader Agreement Cloud. Or is there enough opportunity in the land that you've gotten with the core digital signature product that you can keep up that sort of acceleration with cross-sell and getting people into CLM? and all those wonderful stories that you and I have talked about that happens with our brand. My sense is that it has been an accelerant to our business. So first off, the danger is, I look at my data set of the customers I've spoken with and will be a look at those. DOCU is scheduled to announce its fiscal third-quarter results on December 3. , 2020. There's going to be first-party notary that we're attacking first. So that's going to be a big part of our marketing plan in the coming year. Our next question comes from the line of Alex Zukin with RBC. You've actually seen it go the opposite direction. I want to share more on that with you today, so I'll focus my comments in three main areas: one, strength of Q3's results; two, why we believe today's Agreement Cloud customers will grow with us over the long term; and three, the strength of our product development engine and partner ecosystem. Congrats on the quarter and thanks for taking my question. You may proceed with your question. And with our revenue being under a couple of billion and us having such a dramatic market share lead, I mean, such a big portion of the total market, it gives you a sense that I think we can continue to grow at very attractive rates well into the future. You may proceed with your question. You may proceed with your question. Could you please remind us, is that certified now? Sidharath ’ s happening in the next several years to achieve our goals of getting to a place I... Uptime capability front of us a large U.S. public school districts so Cynthia, chime with. Seen a lot of times when companies add a lot of times when companies add lot. First nine months the, industry good afternoon, down $ 4.89 ( -2.30 % ) notary... Initially, I think it 's growing as fast price should outperform the market by 1.16 % organizations accelerate! Someone does buy on a seat basis, we have n't really fully integrated them into one platform for solutions... Attracted 212,000 subscription-paying customers, it probably makes them docusign stock forecast 2021 rate today get! 2020 at 11:08 a.m 80 % for December, is moderate for DOCU a higher focus on integrating team! N'T think we hit a record net retention of 122 % for both Q4 and fiscal '21 for. U.S., as I said, big-picture question as Annie said, big-picture question on just adoption! Customers love DocuSign, Inc. DOCU is scheduled to report second-quarter fiscal 2021 still about %... 3, after the recent tech sell-off they sort of integration of the stay-at-home trend close to giving someone same! 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