5 Stocks in Limelight After Releasing Their Earnings Reports

2. Coupa Software Incorporated (NASDAQ: COUP)

Number of Hedge Fund Holders: 54

Shares of Coupa Software Incorporated (NASDAQ: COUP) slipped over 4 percent on Wednesday, 8 September 2021, even after announcing better-than-expected results for the second quarter. The software company reported adjusted earnings of 26 cents per share, compared to 21 cents per share in the same period last year.

Analysts were expecting Coupa Software Incorporated (NASDAQ: COUP) to report a loss of 6 cents per share. Revenue for the quarter rose 42 percent on a year-over-year basis to $179.2 million, ahead of the consensus forecast of $162.9 million.

CEO Rob Bernshteyn said in a statement:

“We are proud to report another fantastic quarter where we delivered record revenue, strong calculated billings growth, and our third year of consecutive quarterly non-GAAP profitability. Digitizing and optimizing back-office operations is being prioritized as a key strategic initiative for our customers, and the Coupa platform is critical for their ability to develop agility and adaptability in these rapidly changing times.”

Looking forward, Coupa Software Incorporated (NASDAQ: COUP) expects adjusted earnings in the range of 27 – 29 cents per share and revenue between $706 – $708 million fir its fiscal year 2022.