Stock Groups

Coupa Software Delivers Upbeat Guidance, Tops Q3 Results -Breaking

by Mike Robinson

[ad_1]

© Reuters.

By Yasin Ebrahim

Investing.com – Coupa Software reported Monday third-quarter results that topped Wall Street, led by growth in subscriptions amid ongoing demand.   

After-hours trading for Coupa Software (NASDAQ) was affected by the news and fell over 8%

Third quarter EPS was 31 cents, up from 18 cents a year earlier as revenue improved to 40% year-over-year to $185.8 million from $133 million. Wall Street had expected Q3 earnings per share of 2 cents based on $178.3million in revenue.

Revenues from subscriptions were $164.7million, an increase in 40% when compared with the same period last. 

“[W]”We are seeing strong acceptance of the Coupa platform by our customers as they continue to place Business Spend Management at the forefront of their strategy,” said the company.

Looking forward to Q4, EPS was expected to range from 3 to 5 cents on revenues of $185.0million to $186.0million. This is compared to the consensus estimate of loss of 5 cents per share for $184.2 million in revenue.

Fiscal 2022 EPS was forecast to be between 66 and 69cs on revenues of $717million to $718million. Wall Street expected EPS to be 30 cents per Share on revenues of $707.7 millions.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]