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Earnings Review and Free Research Report: Coupa Software Reported Better Than Expected Results

Research Desk Line-up: Renren Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 26, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Coupa Software Inc. (NASDAQ: COUP) ("Coupa"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=COUP, following the Company's release of its financial results on September 05, 2017, for the second quarter fiscal 2018. The Company's total revenue increased 43.1% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Internet Software & Services industry. Pro-TD has currently selected Renren Inc. (NYSE: RENN) for due-diligence and potential coverage as the Company announced on August 30, 2017, its unaudited financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Renren when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on COUP; also brushing on RENN. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=COUP

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Earnings Reviewed

For three months ended July 31, 2017, Coupa's total revenue increased 43.1% to $44.55 million from $31.13 million in Q2 FY17. The increase was due to the expanding customer base. The total revenue surpassed analysts' expectations of $42.0 million.

For the reported quarter, Coupa's subscription services revenue increased 43.1% to $39.76 million from $27.78 million in Q2 FY17. During Q2 FY18, the Company's professional service & other revenue increased 42.9% to $4.79 million from $3.35 million in Q2 FY17.

During Q2 FY18, the Company's gross profit increased 50.6% to $29.60 million from $19.65 million in the same period last year. For the reported quarter, the Company's gross margin increased 330 basis points to 66.4% of revenue from 63.1% of revenue in Q2 FY17. During Q2 FY18, the Company's adjusted gross margin increased 640 basis points to 71% of revenue from 64.6% of revenue in Q2 FY17.

For the reported quarter, Coupa's sales and marketing (S&M) expenses increased 23.6% to $23.81 million from $19.25 million in Q2 FY17. During Q2 FY18, the Company's general and administrative (G&A) expenses increased 104.1% to $9.43 million from $4.62 million in Q2 FY17. For the reported quarter, the Company's research and development (R&D) expenses increased 48.6% to $10.72 million from $7.21 million in Q2 FY17.

During Q2 FY18, Coupa's operating loss was $14.36 million compared to operating loss of $11.43 million in Q2 FY17. For the reported quarter, the Company's adjusted operating loss was $5.74 million compared to adjusted operating loss of $9.63 million in Q2 FY17.

During Q2 FY18, Coupa's net loss was $13.74 million compared to net loss of $12.44 million in Q2 FY17. For the reported quarter, the Company's adjusted net loss was $5.43 million compared to adjusted net loss of $10.65 million in Q2 FY17. During Q2 FY18, Coupa's diluted EPS was negative $0.26 compared to negative $2.13 in Q2 FY17. For the reported quarter, the Company's adjusted diluted EPS was negative $0.10 compared to adjusted diluted negative EPS of $1.83 in Q2 FY17. The adjusted diluted EPS surpassed analysts' expectations of negative $0.17.

On August 10, 2017, the Company appointed Chandar Pattabhiram as Chief Marketing Officer.

Balance Sheet

As on July 31, 2017, Coupa's cash and cash equivalents increased 3.2% to $208.34 million from $201.72 million in Q4 FY17.

During Q2 FY18, the Company's accounts receivable, net of allowance decreased 22.8% to $36.73 million from $47.61 million in Q4 FY17.

For the reported quarter, the Company's total assets increased 13.2% to $321.53 million from $283.86 million in Q4 FY17.

During Q2 FY18, Coupa's accounts payable decreased 10.1% to $1.06 million from $1.18 million in Q4 FY17.

During H1 FY18, Coupa's cash provided by operating activities was positive $16.34 million compared to negative $7.72 million in H1 FY17.

Outlook

For Q3 FY18, Coupa expects total revenue to be in the range of $44.8 million to $45.3 million and adjusted operating loss to be in the band of $5.5 million to $6.5 million. The Company estimates adjusted diluted EPS to be in the range of negative $0.10 to negative $0.12 for Q3 FY18.

For FY18, Coupa expects total revenue to be in the range of $177 million to $179 million and adjusted operating loss to be in the range of $25 million to $26 million. The Company estimates adjusted diluted EPS to be in the range of negative $0.48 to negative $0.50 for fiscal 2018.

Stock Performance

On Monday, September 25, 2017, the stock closed the trading session at $30.52, declining 2.59% from its previous closing price of $31.33. A total volume of 280.82 thousand shares have exchanged hands. Coupa Software's stock price rallied 1.03% in the last one month, 0.73% in the past three months, and 27.17% in the previous six months. Furthermore, since the start of the year, shares of the Company have surged 22.03%. The stock currently has a market cap of $1.64 billion.

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SOURCE: Pro-Trader Daily