Coupa Software (COUP) Reports Q1 Beat, Provides Guidance

Coupa Software (NASDAQ: COUP) reported its Q1 results, with EPS of $0.08 coming in better than the Street estimate of $0.05. Revenue grew 18% year-over-year to $196 million, compared to the Street estimate of $190.63 million. Subscription revenue grew 27% year-over-year to a record of $178.5 million.

"We began the fiscal year strong by delivering record quarterly total revenue and subscription revenue, and also yielding over 20% operating cash flow and adjusted free cash flow margins," said Rob Bernshteyn, chairman and chief executive officer at Coupa.

The company expects Q2/23 EPS to be in the range of $0.07-$0.10, better than the consensus of $0.05, and revenue in the range of $202-205 million, compared to the consensus of $205 million.

For the full 2023-year, the company expects revenues in the range of $838-$843 million and EPS in the range of $0.21-$0.27.

By Davit Kirakosyan

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