Coupa Software (NASDAQ: COUP) recently stated fiscal results

Coupa Software (NASDAQ: COUP) recently stated financial results for its 2nd-fiscal quarter finished July 31, 2k19.

“We delivered a strong 2nd-quarter with record revenues of $95.00M, up 54.00% year-over-year, and calculated billings of $108.00M, up $57.00% year-over-year,” said Rob Bernshteyn, chairman and chief executive officer at Coupa. “These results demonstrate our continued momentum in delivering measurable and repeatable value to our customers. By extending our leadership standing in Business Spend Administration (BSM), we feel well-positioned on our path to $1.0B in revenue.”

Coupa defines calculated billings as the change in deferred revenue on the balance sheet for the duration, plus revenue recognized during the duration. See the section titled “Non-GAAP Financial Measures” and the reconciliation tables below for important details regarding Coupa’s non-GAAP measures. Coupa defines free cash flows as operating cash flows less purchases of property and equipment.

2nd-Quarter Results

  • Total revenues were $95.10M, a boost of 54.00% contrast to a similar duration the previous year. Subscription revenues were $83.50M, a boost of 51.00% contrast to the similar duration previous year.
  • GAAP operating loss was $22.80M, contrast to a loss of $10.60M for the similar duration previous year. Non-GAAP operating income was $4.80M, contrast to Non-GAAP operating income of $4.00M for a similar duration previous year.
  • GAAP net loss was $20.00M, contrast to a net loss of $13.90M for the similar duration last year. GAAP net loss for each basic and diluted share was $0.320, a contrast to a net loss of $0.240 for the similar duration last year. Non-GAAP net income was $5.30M, a contrast to Non-GAAP net income of $3.30M for the similar duration last year. Non-GAAP net income for each diluted share was $0.070, a contrast to Non-GAAP net income for each diluted share of $0.050 for the similar duration previous year.
  • Operating cash flows and free cash flows were positive $1.30M and negative $2.30M, respectively, for the quarter finished July 31, 2k19.

Business Outlook:

The following forward-looking statements reflect Coupa’s expectations as of September 3, 2k19.

3rd-quarter of fiscal 2k20:

  • Total revenues are expected to be between $95.50 and $96.50M.
  • Subscription revenues are expected to be between $86.00 and $87.00M.
  • Professional services and other revenues are expected to be about $9.50M.
  • Non-GAAP income from operations is expected to be between $3.50 and $5.50M.
  • Non-GAAP net income for each diluted share is expected to be between $0.050 and $0.080 for each share.
  • The diluted weighted average share count is expected to be about 71.70M shares.

Full-year fiscal 2k20:

  • Total revenues are expected to be between $369.00 and $372.00M.
  • Non-GAAP income from operations is expected to be between $10.00 and $13.00M.
  • Non-GAAP net income for each diluted share is expected to be between $0.110 and $0.160 for each share.
  • The diluted weighted average share count is expected to be about 70.00M shares.