Coupa Software (COUP) Tops Q3 EPS by 14c, Q4 Guidance Beats

Coupa Software (NASDAQ: COUP) reported Q3 EPS of $0.20, $0.14 better than the analyst estimate of $0.06. Revenue for the quarter came in at $101.8 million versus the consensus estimate of $96.19 million.

GUIDANCE:

Coupa Software sees Q4 2020 EPS of $0.03-$0.06, versus the consensus of ($0.01). Coupa Software sees Q4 2020 revenue of $101.5-102.5 million, versus the consensus of $99.44 million.

The following forward-looking statements reflect Coupa's expectations as of December 2, 2019.

• Total revenues are expected to be between $101.5 and $102.5 million.
• Subscription revenues are expected to be between $91.5 and $92.5 million.
• Professional services and other revenues are expected to be approximately $10.0 million.
• Non-GAAP income from operations is expected to be between $3.0 and $4.5 million.
• Non-GAAP net income per diluted share is expected to be between $0.03 and $0.06 per share.
• Diluted weighted average share count is expected to be 72.0 million shares.

Full year fiscal 2020:

• Total revenues are expected to be between $379.8 and $380.8 million.
• Non-GAAP income from operations is expected to be between $21.6 and $23.1 million.
• Non-GAAP net income per diluted share is expected to be between $0.34 and
• Diluted weighted average share count is expected to be 70.0 million shares.

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

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