Take note of This News: Coupa Software Inc (NASDAQ: COUP)
On Wednesday, Coupa Software Inc (NASDAQ: COUP) stock dropped -0.06% and closed at 274.24. The stock opened the session at $273 and touched its highest price point at $277.53. Its recent trading capacity is 615,095 shares versus to its average trading volume of 1.36M shares. Coupa Software (COUP) recently reported financial results for its second […]
On Wednesday, Coupa Software Inc (NASDAQ: COUP) stock dropped -0.06% and closed at 274.24. The stock opened the session at $273 and touched its highest price point at $277.53. Its recent trading capacity is 615,095 shares versus to its average trading volume of 1.36M shares. Coupa Software (COUP) recently reported financial results for its second fiscal quarter ended July 31, 2020. "Our strong financial results for the second quarter underscore the importance our consumers place on business resilience and the value that Coupa is delivering to their organizations, especially amid the everchanging macroeconomic environment," stated Rob Bernshteyn, chairman and chief executive officer at Coupa. "We were proud to deliver record revenues and adjusted free cash flows during the quarter. We also reached a new financial milestone, generating $100M in adjusted free cash flows over the trailing twelve months, while continuing to assertively invest in our long-term success." Second Quarter Results: Total revenues were $125.9M, a raise of 32% contrast to the same period last year. Subscription revenues were $111.6M, a raise of 34% contrast to the same period last year. GAAP operating loss was $31.9M, contrast to a GAAP operating loss of $22.8M for the same period last year. Non-GAAP operating income was $12.3M, contrast to a non-GAAP operating income of $4.8M for the same period last year. GAAP net loss was $43.1M, contrast to a GAAP net loss of $20.0M for the same period last year. GAAP net loss per basic and diluted share was $0.64 which includes an unfavorable $0.12 impact from the issuance of the 2026 Notes, contrast to a GAAP net loss per basic and diluted share of $0.32 for the same period last year. Non-GAAP net income was $15.2M, contrast to a non-GAAP net income of $5.3M for the same period last year. Non-GAAP net income per diluted share was $0.21, contrast to non-GAAP net income per diluted share of $0.07 for the same period last year. Operating cash flows and adjusted free cash flows were positive $23.4M and $35.7M, respectively. Third quarter of fiscal 2021: Total revenues are predictable to be $123.0 to $124.0M. Subscription revenues are predictable to be $112.0 to $113.0M. Professional services and other revenues are predictable to be about $11.0M. Non-GAAP income from operations is predictable to be $4.5 to $5.0M. Non-GAAP net income per diluted share is predictable to be $0.02 to $0.03 per share. Diluted weighted average share count is predictable to be about 74.0M shares. Full year fiscal 2021: Total revenues are predictable to be $496.5 to $498.5M. Non-GAAP income from operations is predictable to be $33.5 to $35.5M. Non-GAAP net income per diluted share is predictable to be $0.43 to $0.45 per share. Diluted weighted average share count is predictable to be about 73.0M shares. The price moved ahead of 0.96% from the mean of 20 days, -5.55% from mean of 50 days SMA and performed 29.27% from mean of 200 days price. Company’s performance for the week was 3.06%, -16.32% for month and YTD performance remained 87.51%.

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