Odds are the initial top-line forecast is too conservative. After delivering a surprise profit in the previous quarter, Coupa in FQ4 earned five cents a share versus the consensus of breakeven.įor FY’20, Coupa’s initial revenue guidance range of $325 million to $327 million (growth of 25.2% at the midpoint) came in well above the consensus estimate of $315 million. Subscription services revenue was up 45%, acceleration from growth of 42% in FQ3 and 39% in FQ2. In FQ4, total revenue of $74.9 million rose 39% and beat the consensus estimate by an impressive 10.6%. Fiscal Q4 was a record quarter for new annual contract value (ACV) as well as the largest quarter ever for renewals. Deferred revenue of $182.5 million rose 42%. The software provides customers with actionable insights that can lead to improved inventory management, smarter purchasing decisions and lower costs.Ĭoupa’s comprehensive solution set-covering everything from procurement and sourcing to invoicing and travel/expense management-is easy to use right out of the gate.Ĭoupa finished FY’19 on a strong note, with FQ4 billings up 51%. The Coupa platform analyzes large quantities of corporate transactional expense data, looking for spending patterns and areas of inefficiency.

Coupa procurement platform