UPDATE: Coupa Software (COUP) Tops Q2 EPS by 9c, Beats on Revenues; Offers FY EPS/Revenue Outlook Above Consensus

(Updated - September 5, 2017 4:18 PM EDT)

Coupa Software (NASDAQ: COUP) reported Q2 EPS of ($0.10), $0.09 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $44.6 million versus the consensus estimate of $41.64 million.

Business Outlook:

Third quarter of fiscal 2018:

• Total revenues are expected to be between $44.8 and $45.3 million, with approximately $4 million from professional services.
• Non-GAAP loss from operations is expected to be between $5.5 and $6.5 million.
• Non-GAAP net loss per share is expected to be between $0.10 loss and $0.12 loss per share.
• Basic and diluted weighted average share count is expected to be approximately 53.8 million shares.

Full year fiscal 2018:

• Total revenues are expected to be between $177 and $179 million.
• Non-GAAP loss from operations is expected to be between $25.0 and $26.0 million.
• Non-GAAP net loss per share is expected to be between $0.48 loss and $0.50 loss per share.
• Basic and diluted weighted average share count is expected to be approximately 53.0 million shares.

GUIDANCE:

Coupa Software sees FY2018 EPS of ($0.50)-($0.48). Coupa Software sees FY2018 revenue of $177-179 million.

• Revenues: Total revenues were $44.6 million, an increase of 43% from the same period last year. Subscription services revenues were $39.8 million, an increase of 43% from the same period last year.
• Loss from Operations: GAAP operating loss was $14.4 million, compared to a loss of $11.4 million for the same period last year. Non-GAAP operating loss was $5.7 million, compared to a loss of $9.6 million for the same period last year.
• Net Loss: GAAP net loss was $13.7 million, compared to a loss of $12.4 million for the same period last year. GAAP net loss per basic and diluted share was $0.26, compared to a loss of $2.13 for the same period last year. Non-GAAP net loss was $5.4 million, compared to a loss of $10.6 million for the same period last year. Non-GAAP net loss per basic and diluted share was $0.10, compared to a loss of $1.83 for the same period last year.
• Balance Sheet: Cash and cash equivalents were $208.3 million as of July 31, 2017. Total deferred revenuewas $95.8 million as of July 31, 2017.
• Cash Flow: Cash flow provided from operating activities for the six months ended July 31, 2017, was $16.3 million.

For earnings history and earnings-related data on Coupa Software (COUP) click here.

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