![]() See Analysts’ Top Stocks on TipRanks > Outlookīased on current business momentum, Coupa forecasts fourth-quarter revenue to be in the range of $185 million to $186 million, while the consensus estimate stands at $184.2 million. With the fourth quarter well underway, we continue to leverage our Value-as-a-Service approach to add strategic customers across many industries and of all sizes.” Management CommentsĬhairman and CEO at Coupa, Rob Bernshteyn, said, “As demonstrated by our third-quarter results, we are seeing strong adoption of the Coupa platform as our customers continue to prioritize Business Spend Management as a fundamental aspect of their go-forward strategy. The solid revenue growth was aided by a 40% year-over-year jump in Coupa’s Subscription revenue.Ĭompared to Q3FY21, Coupa’s quarterly billings rose 38% year-over-year to $193 million. Outstanding ResultsĬoupa reported adjusted earnings of $0.31 per share, up 72.2% year-over-year and 29 cents higher than analysts’ estimates of $0.02 per share.įurthermore, revenue came in at $185.81 million, a 40% growth compared to the year-ago period, outpacing analysts’ estimates of $178.34 million. ![]() However, following the news, shares fell 10.7% during the extended trading session on December 6. The company even guided for fourth-quarter revenue and earnings, which came in better than consensus estimates. ![]() ( COUP) reported outstanding third-quarter results, with earnings and revenue both beating estimates by a huge margin. ![]() Cloud-based business spending management platform Coupa Software, Inc. ![]()
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