Coupa Software (COUP), a provider of Business Spend Management solutions, is set to report its fourth-quarter results on March 11, Monday, after the regular trading hours. Analysts expect the company to report breakeven bottom line in the fourth quarter. It may be noted that Coupa has a remarkable history of beating earnings projections.
Revenue is projected to improve 27% to $68.07 million, helped by an expanded customer base as well as the numerous partnerships formed with other major companies, including Amazon (AMZN).
For the full year, revenue is expected in the range of $253 million to $253.5 million.
The company, which makes cloud-based solutions, is upping its partnership with the Amazon Web Services, and analysts consider this as a revenue-boosting factor in Q4. Coupa’s buyout of real-time procure-to-pay solutions firm Aquiire and SaaS application provider DCR Workforce should work in favor of the software firm.
Investors would also be looking at the growth rate of subscription revenues, which increased 42% in the last reported quarter.
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In Q3
In the third quarter, the San Mateo, California-based firm surprised Wall Street by posting a profit of 8 cents per share, against the expected loss of 3 cents per share. Subscription revenue jumped 42%, while. Professional services & other revenues rose 1.7% to $6.9 million.
The stock has gained 93% in the trailing 52 weeks. Coupa has a 12-month average price target of $89.75, representing a 2.2% upside from the last close.