<p>Coupa Software (NASDAQ: COUP) revenues for fiscal fourth quarter 2020 have COUP shares moving up after Monday. This will after reporting an adjusted EPS (EPS) of 21 cents. That is well above the Wall Street estimate of 5 cents per share. The technology company’s revenue of $ 111.45 million also beats analysts’ estimates of $ 102.44 million.
Now, for a closer look at the latest Coupa Software results report.
Adjusted earnings per share increased by 320% from 5 cents during the fourth quarter of 2019. Revenue for the quarter is 48.78% higher than USD 74.91 million during the same period last year. Operating profit of $ 15.87 million is 7.59% wider than the year before than $ 14.75 million. Results Report for Coupa Software also includes a net loss of 24.05 million US dollars. It is 45.15% lower than the 16.57 million US dollars reported for the same period last year.
Rob Bernshteyn, Chairman and CEO of Coupa Software, said the following about the COUP share income report:
“Our record-high revenue of $ 390 million and quarterly revenue of $ 111 million, along with record operations and free cash flow, are just a few of the financial results that reflect the true, measurable value unlocked by members of our global Coupa community.”
The Coupa Software earnings report also includes its budget outlook for 2021. This expects an adjusted profit of 30 cents to 33 cents on revenue of $ 488 million to $ 490 million. Meanwhile, Wall Street looking for adjusted earnings per year at 47 cents to 487.45 million US dollars for the year.
COUP-shares rose 4.4% after the evening Monday. The share closed the day down by 9.33%.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/coupa-software-earnings-not-moving-coup-stock/.
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