Coupa Software Earnings Confirm Fundamental Attractiveness of Cloud Platforms
Coupa Software (NASDAQ:COUP) reported its Q3 earnings results on Monday, December 6, 2021.
Coupa Software is the cloud platform for business spend management (BSM). Coupa empowers companies around with the visibility and control they need to spend smarter and safer. This time around, Coupa Software beat estimated earnings by 1450%, reporting an EPS of $0.31 versus an estimate of $0.02, which surprised analysts. Revenue was up $52,852,000 from the same period last year.
Last quarter the company beat on EPS by $0.32, which was followed by a 4.22% drop in the share price the next day.
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