Coupa Stock Falls As Software Maker's Revenue Outlook Edges By Estimates

Coupa Software on Monday reported first-quarter earnings that fell from a year earlier but topped analyst estimates, as did revenue. Coupa stock dropped in extended trading, though, as its revenue guidance only edged by Wall Street targets.

San Mateo, Calif.-based Coupa earnings on an adjusted basis fell to 7 cents for the quarter ended April 30 amid the acquisition of LLamasoft for $1.5 billion.

Revenue rose 40% to $166.9 million, said the maker of business spending management software. Analysts expected the Coupa earnings report to have a loss of 19 cents on revenue of $152.7 million.

A year earlier, Coupa earned 20 cents a share on sales of $119.2 million.

Coupa stock fell 5.2% to near 224.50 in extended trading on the stock market today.

For the current quarter ending in July, Coupa forecast revenue of $162.5 million at the midpoint of its guidance vs. estimates of $161.8 million.

Coupa Stock: Analyst Day Set For July 15

In addition to purchasing LLamasoft, Coupa has acquired Hipperos, Exari and Yapta since late 2018.

Coupa plans to hold an analyst day on July 15 to discuss long-term strategy, said a Morgan Stanley report

Heading into the Coupa earnings report, the company's stock owned a Relative Strength Rating of 6 out of a possible 99, according to IBD MarketSmith analysis.

Coupa stock had retreated some 37% from its all-time high of 377.04 set on Feb. 18 amid a pull-back in software growth stocks.

Coupa Rivals

Coupa's software products cover employee travel and expense management, procurement and invoicing.

The company in 2018 rolled out Coupa Pay, a business-to-business payment and financing product.

Coupa competes against SAP's Ariba unit, Fleetcor's Nvoicepay, and AvidXchange. A new rival is Workday, which acquired Scout RFP.

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