Why Docusign is well-positioned for a rate cut: CEO

August's jobs report came in below expectations ahead of the Federal Reserve's September meeting, where it will likely initiate its first interest rate cut. Docusign CEO Allan Thygesen joins Catalysts to discuss the state of the market and what it means for the company's growth moving forward.

"Docusign is used for offer letters, for example. And so I suppose we get some indication there a lot of account openings in financial services and so on. I think we're not seeing any major discontinuity. I think the economy has been heading in a decent direction. We're not projecting any further recovery," Thygesen explains.

He notes that Docusign is in a good position as it has exposure to all kinds of sectors, so it won't be "super sensitive" to Fed rate cuts. He adds that from the company's perspective, "it certainly does not feel to us, like the US or the major international markets that we're operating in are heading into deep recession."

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This post was written by Melanie Riehl

Transcripción del vídeo

Hey, really quickly here.

I want to get your take on the macro.

It was a big day for the Federal Reserve and the macro environment.

We got this jobs print uh that indicated kind of where the fed may be heading next.

But I feel like you could have maybe a little bit predicted what we would get out of that print because I know you work with clients across so many different sectors.

Talk to me about where you are seeing growth and where you're seeing weakness in terms of the labor market.

If, if Jay Powell was gonna call you this afternoon, what would you clue in on?

Yeah, I, I don't think it's going to call me but, but, uh, but, but we do, you're right.

We do get a pretty broad swath of the economy.

Uh Not, we, we certainly, uh doc sign is used for uh offer letters, for example.

And so I guess, suppose we get some indication there, a lot of account openings and financial services and so on.

I, I think we're, we're not seeing in a major discontinuity.

I think uh the economy has, has been heading in, in a in a decent direction.

Uh We're not projecting any further recovery.

I just want to emphasize that our, our forecasts are based on the economy as we see it today.

If, if there are interest rate changes, that certainly would help um in, you know, for example, our mortgage business and so on, but we're so balanced across many sectors that uh we're not super sensitive to that um in the way that people might expect so many people encounter us initially in real estate transactions.

So um iii I don't have a, a um a strong forecast for you, but it certainly does not feel to us like the US or the major international markets that we're operating in or um you know, heading into to deep recession, right?

I know you had a lot of international growth over the quarter too.

So that's something hopefully next quarter.

When you come back, we can talk a bit more about Alan.

Thank you so much, Alan Tson joining us ceo with docusign and of course, our very own Brian Sazi for bringing us the conversation.

Thanks so much.