Coupa reports quarterly profit

Earlier this week Coupa beat expectations by reporting an adjusted fiscal fourth-quarter profit of 2 cents and forecast a smaller-than-expected loss for full-year fiscal 2019, sending shares up.

Coupa said revenue jumped 41% for the quarter to $53.8 million, beating consensus estimates. A year earlier, Coupa reported a loss of 5 cents a share on sales of $38 million.

Analysts expected Coupa to report a loss of 15 cents a share on sales of $49 million for the period ended Jan. 31.

In the April quarter, Coupa forecast a loss of 12 cents per share, in line with estimates, with revenue of about $51 million, above expectations of $49 million.

Read more analysis as Diginomica summarises the key points for us:

Coupa ended fiscal 2018 with a quarterly profit and an expanding footprint of new and expanded customers looking for a platform provider.

You can watch the webcast of the call with investors here.

Read more at: Investors.com