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."
For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
This post was written by Melanie Riehl
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