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Earnings Highlights and Summary

For its first fiscal quarter ended April 30, 2018, Coupa Software's total revenues surged 37% to $56.4 million compared to $41.1 million in Q1 FY18. The Company's reported numbers beat analysts' estimates by $5.17 million.

During Q1 FY19, Coupa Software's Subscription revenues surged 40% to $50.0 million compared to $35.7 million in Q1 FY18. The Company's reported quarter Professional services and other revenues were $6.4 million versus $5.5 million in the prior year's comparable quarter.

For Q1 FY19, Coupa Software's GAAP operating loss was $12.1 million compared to a loss of $10.4 million for Q1 FY18. The Company's reported quarter non-GAAP operating income was $0.3 million compared to a loss of $4.6 million for the year earlier corresponding quarter.

Coupa Software reported GAAP net loss of $15.5 million, or $0.28 per diluted share, for Q1 FY19 compared to a loss of $10.0 million, or $0.20 per diluted share, for Q1 FY18. The Company's reported quarter non-GAAP net loss was $0.5 million, or $0.01 per diluted share, compared to a loss of $4.5 million, or $0.09 per diluted share, for the prior year's same quarter. Coupa Software's reported results were better than Wall Street's estimates for a loss of $0.11 per share.

In Q1 FY19, Coupa Software's cumulative spending under management reached $747 billion, and the Company expects to surpass $1 trillion in the fiscal year 2019.

Cash Matters

As of April 30, 2018, Coupa Software's cash and cash equivalents totaled $430.0 million. The Company's reported quarter operating cash flows and free cash flows were $12.6 million and $11.5 million, respectively.

Business Outlook:

For the second quarter fiscal 2019, Coupa Software is forecasting total revenues to be in the range of $56.0 million and $57.0 million. The Company's Subscription revenues are expected to be between $51.0 million and $52.0 million, while Professional services and other revenues are estimated to be approximately $5.0 million.

For Q2 FY19, Coupa Software is estimating non-GAAP loss from operations in the range of $4.5 million and $5.5 million and non-GAAP net loss in the band of $0.08 loss and $0.10 loss per share.

For the full year fiscal 2019, Coupa Software is projecting total revenues between $233.0 million and $236.0 million. The Company is expecting non-GAAP loss from operations in the range of $8.0 million and $11.0 million and non-GAAP net loss in the band of $0.14 loss and $0.19 loss per share.

Stock Performance Snapshot

June 29, 2018 - At Friday's closing bell, Coupa Software's stock advanced 1.09%, ending the trading session at $62.24.

Volume traded for the day: 488.23 thousand shares.

Stock performance in the last month ? up 16.60%; previous three-month period ? up 39.87%; past twelve-month period ? up 109.92%; and year-to-date ? up 99.36%

After last Friday's close, Coupa Software's market cap was at $3.38 billion.

The stock is part of the Technology sector, categorized under the Internet Software & Services industry. This sector was up 0.2% at the end of the session.

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