Coupa Software Incorporated (COUP) shares soared 5.95% in after-hours on Tuesday, September 07, 2021, and closed the daily trading at $279.00. In the regular trading session of Tuesday, COUP’s stock gained 0.54% as well. COUP shares have fallen 7.87% over the last 12 months, and they have moved up 7.23% in the past week. Over the past three months, the stock has gained 21.13%, while over the past six months, it has lost 9.40%.
Let’s have a brief look at its recent news and developments.
COUP latest development
On September 7, 2021, Coupa Software (COUP) announced financial results for its second quarter of fiscal 2022 which ended July 31, 2021.
Q2 2022 financial highlights
- COUP earned total revenue of $179.2 million in Q2 2022 compared to $125.9 million in Q2 2021.
- It suffered a GAAP net loss of 3 million in Q2 2022 compared to $31.9 million for the same period last year.
- Non-GAAP operating income was $26.7 million, compared to $12.3 million for the same period last year.
- GAAP net loss per basic and diluted share was $1.24 in Q2 2022, compared to $0.64for the same period last year.
- In Q2 2022 Operating cash flows was $40.8 million and adjusted free cash flows was $36.9 million.
Q3 2022 financial outlook
For Q3 2022, the company is expecting
- Total revenues in the range of 0to $178.0 million.
- Non-GAAP operating income in the range of $6.0to $7.0 million.
- Non-GAAP net income per diluted share in the range of $0.01to $0.03 per share.
COUP launched new App
On August 16, 2021, Coupa Software (COUP) launched the Coupa App Marketplace, giving customers an easier and smarter way to extend the power of the leading BSM platform. The Coupa App Marketplace connects businesses with certified, pre-built solutions that create a seamless way to tap into a trusted global community of BSM partners.
COUP ESG report
On July 15, 2021, Coupa Software (COUP) released its inaugural Environmental, Social, and Governance (ESG) Report. The company communicates its approach to advancing ESG within Coupa, as well as how it is empowering its global community of customers to deliver ESG impact through Business Spend Management.
COUP new achievement
On July 15, 2021, Coupa Software (COUP) announced the achievement of more than 100 issued and pending patents filed with the United States Patent and Trademark Office. This milestone substantiates the company’s commitment to building the most innovative cloud platform to help businesses maximize the value of every dollar they spend with Business Spend Management.
Conclusion
COUP stock performed well on Tuesday after the company announced the financial results and raised its financial guidance for Q3 2022. It can further climb in the coming trading sessions on Wednesday.
