DocuSign, Inc. (NasdaqGS:DOCU) is looking for M&A. Blake Grayson Chief Financial Officer said during the Fourth Quarter and Full -- Fiscal Year 2024 Earnings Conference Call, "And then to follow up on the second question about free cash flow and how we utilize it. We're in a great spot. We ended the quarter or the year with cash and investments of $1.2 billion.

No debt now on the balance sheet. This last -- and also, obviously, we have a foundational business now that generates considerable amount of free cash flow. We used some of that -- deployed some of that this year for, like you talked about, stock buybacks, but we also used it to retire debt.

There's obviously M&A opportunities for us. And we're likely more active than you think we are about looking around at what opportunities are available for us. And then there's -- we can invest in the business or you have options for dividends, things like that down the road.

I would say that with that kind of stabilizing results and the operating efficiency improvements we [ weighed ], we feel we can increase our ability to opportunistically return capital to shareholders while still investing in the business. And it's just -- we're committed to increasing the rate with which we return excess capital opportunistically to shareholders, and we'll see how that develops out over the year".