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Benzinga

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Wayne Duggan

7 Coupa Software Analysts React To Q1 Earnings Beat: 'Lots Of Noise Around Billings'

Coupa Coupa Software Inc Brent Bracelin Brian Peterson Josh Beck Michael Turrin Patrick Walravens Rishi Jaluria Keybanc Needham

Coupa Software Inc (NASDAQ:COUP) shares traded higher by 1.8% on Tuesday after the company reported strong earnings numbers and record subscription revenues in the first quarter.

On Monday, Coupa reported adjusted first-quarter EPS of 8 cents on revenue of $196.3 million. Both numbers topped consensus analyst estimates of 5 cents and $190.6 million, respectively. Revenue was up 17.6% from a year ago.

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