DocuSign stock surges after Zoom results suggest continue boost for remote tools

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Shares of DocuSign Inc. are up more than 16% in Tuesday morning trading after Zoom Video Communications Inc. reported July-quarter results showing that it made more than four times as much revenue as it did a year ago. Zoom’s earnings, which topped expectations, suggested that technologies enabling remote business functions are still seeing explosive growth due to the pandemic. DocuSign, which enables electronic signatures on legal documents, is due to report its own results after Thursday’s closing bell. Shares of workplace-messaging company Slack Inc. is also seeing its stock rise more than 3% in Tuesday’s session. Zoom shares are up more than 45% in the session and they’e gained nearly 600% on the year as the S&P 500 has risen 8.6%.
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