Published on 7 Jun 2022 on Zacks via Yahoo Finance

Coupa Software (COUP) Beats Q1 Earnings & Revenue Estimates

Coupa Software Incorporated COUP reported healthy first-quarter fiscal 2023 results, beating both the top-line and bottom-line estimates. The healthy results were backed by Coupa providing companies with visibility and control over their business spending, resiliency in back-office operations and aiding in making strategic and data-driven decisions to yield positive outcomes for their business.

Quarter Details

GAAP net loss reported during the quarter, attributable to Coupa Software Incorporated, was $81.5 million or $1.08 per share compared with $100.4 million or $1.38 per share in the prior-year quarter. Non-GAAP net income during the quarter was $5.5 million or 8 cents per share compared with $5 million or 7 cents per share in the prior-year quarter, beating the Zacks Consensus Estimate by 3 cents.