Published on 13 Dec 2022 on Zacks via Yahoo Finance

Coupa (COUP) Beats Q3 Earnings Estimates on Solid Revenues

Coupa Software Incorporated COUP reported strong third-quarter fiscal 2023 results with solid revenues and healthy momentum in the subscription business. Both the bottom line and top line beat respective estimates. The robust quarterly performance was backed by the strength of the comprehensive portfolio that offers increased visibility and control to firms over their business spending and facilitates data-driven decisions for improved operations.

Quarter Details

GAAP net loss in the quarter was $84.7 million, or a loss of $1.11 per share compared with a net loss of $91.2 million or a loss of $1.23 per share in the prior-year quarter. Non-GAAP net income during the quarter was $11.6 million or 15 cents per share compared with $23.5 million or 31 cents per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate by 4 cents.