Why Coupa Software Inc (NASDAQ: COUP) stock is going gangbusters today

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Coupa Software Inc (NASDAQ: COUP) stock surged over 23.2% on March 17th, 2020 (Source: Google finance). In Q4, calculated billings were $181 million by far the largest ever quarter. The Cash and investments at year-end were $767 million, which included approximately $100 million paid in Q4 for Yapta. The company has generated the operating cash flows in Q4 of $22 million and free cash flows of $20 million.  Moreover, in North America, United Airlines, which is one of the world’s largest and best known airlines has recently gone live with Coupa BSM. In Asia, Gojek, a leading on-demand multi-service platform and digital payment technology company also Coupa’s first customer in Indonesia has gone live with Coupa BSM. In Europe, Coupa is helping Telia Company to work toward its sustainability goals of achieving zero CO2 and zero waste within its operations and across its entire supply chain by 2030. Moving on to Africa, Sibanye-Stillwater, which is an international precious metals mining company is now live on Coupa BSM in South Africa.

Meanwhile, in the fourth quarter, the company has acquired travel optimization leader Yapta. Yapta is now Coupa travel saver. Further, the company is focusing on adding technology components that will maximize and increase the value of the organic transactional core engine and/or augmenting this engine with key advanced power applications to maximize the value of these transactions.

COUP in the fourth quarter of FY 20 has reported the adjusted earnings per share of 5 cents, which is in line with the analysts’ estimates for the adjusted earnings per share of 5 cents, according to analysts surveyed by FactSet. The company had reported the adjusted revenue growth of 49 percent to $111.5 million in the fourth quarter of FY 20, beating the analysts’ estimates for revenue of $102.5 million. Subscription revenue was up 46% year-over-year for Q4. Professional services and other revenue for Q4 was of $13 million, including the benefit of a few strategic direct services arrangements that continued into Q4 and are now nearing completion. The company reported a fourth-quarter net loss of $24.1 million, compared to a loss of $16.6 million, in the year-ago period.

For the first quarter, analysts’ projects earnings to of 7 cents a share and sales expected to be of $106.8 million. For the first quarter, the company expects total revenue to be of between $111.5 million and $112.5 million and and non-GAAP net income to be of $0.06 per share to $0.08 per share

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