5 Notable Quarterly Reports to Watch

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1. Coupa Software Incorporated (NASDAQ:COUP)

Number of Hedge Fund Holders: 46

Shares of Coupa Software Incorporated (NASDAQ:COUP) closed higher on Tuesday, June 7, 2022, after posting its fiscal first-quarter profit and sales above expectations. The software company reported adjusted earnings of 8 cents per share, beating estimates of 5 cents per share.

In addition, Coupa Software Incorporated (NASDAQ:COUP) posted revenue of $196.37 million, representing a surge of 18 percent over the year-ago period. Analysts were looking for revenue of $190.61 million.

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For the current quarter, Coupa Software Incorporated (NASDAQ:COUP) guided for adjusted earnings in the range of 7 – 10 cents per share and revenue between $202 – $205 million.

Commenting on the results, CEO Rob Bernshteyn said:

“We began the fiscal year strong by delivering record quarterly total revenue and subscription revenue, and also yielding over 20% operating cash flow and adjusted free cash flow margins. Company leaders continue to recognize the importance and value of back office transformation. Our comprehensive platform acts as a single source of truth to provide our customers with the data and insights necessary to maximize every dollar of business spend.”

You can also take a peek at 10 LNG Shipping Stocks to Buy Now and 10 Favorite Stocks of Dan Loeb’s Third Point.

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