Coupa (COUP, $138.93) surprises with positive earnings, beats revenue estimates

Coupa Software, Inc. reported an unexpected profit and surpassed analyst revenue estimates.

The technology/software company’s earnings for the latest quarter came in at 7 cents a share, compared to a loss of -10 cents that analysts had expected. The earnings-per-share also surpassed the prior year quarter’s 5 cents a share .

Revenue of $95.1 million for the quarter also exceeded analysts’ estimates of $85.4 million. The figure is also higher than the year-ago quarter’s  $61.7 million.

Looking ahead, Coupa boosted its full-year revenue forecast to a range of $369 million to $372 million, compared with its prior projection of $342 million to $344 million.

Contributor

Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.