Earnings

September 6, 2022

Coupa Software Pops After Earnings

It’s been a rough ride for Coupa Software investors, as its shares have fallen more than 85% since early 2021. But today, investors finally heard some decent news from the company. đź‘‚

The company, which makes business spending management software, beat earnings and revenue estimates as business travel shows signs of life. It reported earnings of $0.20 per share and revenues of $192.7 million vs. the $0.09 and $179.2 million expected.

Its guidance for the next quarter was mixed, with earnings guidance above and revenue guidance below estimates. Lastly, the company announced a $100 million share repurchase program.

So far, investors appear pleased with the company’s results, sending the stock +13% after hours. đź‘Ť

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