Coupa Software Incorporated (COUP - Free Report) just released its fourth-quarter and full year 2018 financial results, posting adjusted earnings of $0.02 per share and revenues of $53.75 million. Currently, Coupa Software is a Zacks Rank #3 (Hold) and is up marginally to over $49 per share in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of $0.02 per share, beating the Zacks Consensus Estimate of a $0.15 per share loss.
Beat revenue estimates. The company saw revenue figures of $53.75 million, topping our consensus estimate of $48.59 million.
Coupa’s Q4 revenues surged 41%, while quarterly subscription sales climbed 38% to $46.6 million. The company also posted positive adjusted net income for the first time in the fourth quarter.
Looking ahead to the first quarter of fiscal 2019, the company expects to post revenues between $51 million and $51.5 million. The company also projects to report a Q1 adjusted net loss per share between $0.11 and $0.13.
“We increased Cumulative Spend Under Management from $365 billion to $680 billion in fiscal 2018 and expect to surpass $1 trillion in fiscal 2019,” CEO Rob Bernshteyn said in a statement. “We continue to execute toward our business objectives and are focused on capturing the large and growing market opportunity that lies before us.”
Here’s a graph that looks at COUP’s Price, Consensus and EPS Surprise history:
Coupa Software Inc. provides cloud-based spend management platform which connects organizations with suppliers. Coupa Software Inc. is based in SAN MATEO, United States.
Check back later for our full analysis on COUP’s earnings report!
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