Coupa Software (COUP) Loss Narrows In Q1, Revenues Beat
Zacks Investment Research | Jun 05, 2017 09:44PM ET
Coupa Software Inc. (NASDAQ:COUP) reported first-quarter fiscal 2018 non-GAAP loss (excluding stock-based compensation) of 9 cents per share much narrower than a loss of $1.76 reported in the year-ago quarter. Including stock-based compensation, loss was 19 cents per share much narrower than the Zacks Consensus Estimate of a loss of 26 cents.
Revenues surged 41% from the year-ago quarter to $41.1 million, driven by 40.6% and 43.6% growth in subscription services and professional services & other revenues to $35.7 million and $5.5 million, respectively. Further, the revenue figure was better than the Zacks Consensus Estimate of $38 million.
The top-line growth was primarily driven by expanding customer base. Improving adoption of Coupa’s platform is driving subscription services revenues as well as gross margin.
During the quarter, Coupa announced the acquisition of Trade Extensions, a strategic sourcing company based in Uppsala, Sweden. The company also launched Coupa Release 18, which is the second major cloud platform release in this calendar year.
COUPA SOFTWARE Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.