Donnelley Financial Solutions’ (DFIN) announced its second quarter earnings results this past Wednesday. You can read the press release here.
It was a strong quarter, with year-over-year sales growth of 5.3 percent and net earnings of $42.9 million, up $44.2 million from the second quarter of 2020.
We were especially proud to support more than 700 clients with their deals, whether SPAC, DeSPAC, or traditional IPO. These include, but are not limited to: 1stdibs.com, Krispy Kreme, LegalZoom, Sprinklr, Xometry, 23andMe, Oatly, The Honest Company, UiPath, Endeavor, and AppLovin — just to name a few.
This performance is further proof that our digital transformation — reinventing DFIN into a software solutions company — is precisely what our clients need. DFIN posted record quarterly software solutions net sales of $66.6 million, up $19.0 million, or 39.9 percent, from the second quarter of 2020. Software solutions net sales accounted for 24.9 percent of total net sales, up from 18.7 percent in the second quarter of 2020.
- Performance of key DFIN solutions indicate that they provide customers with a competitive advantage:
- ActiveDisclosure and total compliance management, increased by 22 percent in client adoption since last quarter.
- Virtual data room product Venue, achieved another all-time high for quarterly sales and grew approximately 50 percent year-over-year, and
- eBrevia, increased client adoption by more than 86 percent.
I couldn’t be prouder of the DFIN team that delivered these excellent results. That’s why this week we announced that all DFIN non-executive employees, globally, will receive a wellbeing bonus in the amount of $1,000.
Moving into the second half of 2021, we will continue to deliver risk compliance solutions that enable companies to collaborate and execute deals securely—and get them done quickly.