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shares are buying and selling sharply larger late Tuesday after the supplier of spend administration software program posted better-than-expected results for its fiscal fourth quarter ended Jan. 31.
For the quarter, Coupa (ticker: COUP) posted income of $163.5 million, up 47% from the year-ago quarter, and properly above the corporate’s steering vary of $45 million to $146 million. Non-GAAP earnings have been 17 cents a share, far forward of the corporate’s personal forecast of a lack of 11 cents to 13 cents a share. On a GAAP foundation, the corporate misplaced $61.Four million, or 35 cents a share.
Subscription income was $134.9 million, up 37%, and above the steering vary of $124.5 million to $125.5 million.
“This yr, we delivered file monetary outcomes throughout all key measures amid a tough macroeconomic setting,” Coupa CEO Rob Bernshteyn stated in an announcement. “As a part of our technique to develop and personal the Enterprise Spend Administration market, we continued to speculate meaningfully into all areas of our enterprise. We additionally made strategic acquisitions in provide chain design and planning, treasury, and the enhancement of our provider variety and journey and expense choices. We imagine that we at the moment are extra optimally positioned than ever to ship broad primarily based world buyer success.”
Coupa sees fiscal first-quarter income of $151.5 million to $152.5 million, forward of the previous Road consensus forecast of $148.eight million. Coupa initiatives a non-GAAP lack of 18 cents to 21 cents a share, which is shy of the Road consensus forecast of a lack of a penny a share.
For the January 2022 fiscal yr, Coupa sees income of $675 million to $678 million, with a non-GAAP lack of 23 cents to 27 cents a share; earlier Road consensus was $664.1 million and a revenue of 36 cents a share.
Coupa in late buying and selling is up 5.4%, to $286.68.