Results – revenue $35.45M (+55.5% Y/Y, $4.21M above estimates), EPS -$0.22 ($0.27 above estimates), loss from operations $2.9M (vs. $7.4M loss Y/Y), net loss $4.1M (vs. $7.5M Y/Y), cash and cash equivalents $220.6M, total deferred revenue $73M, cash flow from operating activities $10.5M
Segment revenues – Subscription services $30.799M (vs. $20.757M Y/Y), Professional services and other $4.643M (vs. $2.044B Y/Y)
Q4 projections – revenue $35.5M-$36M (consensus $32.38M), Subscription revenues $31.8M-$32.3M, Professional services revenues $3.7M, loss from operations $7.4M-$8.4M, net loss per share $0.16-$0.19 (consensus -$0.23)
FY 2017 projections – revenue $131.3M-$131.8M (consensus $123.84M), loss from operations $29.9M-$30.9M, net loss per share $1.67-$1.73
Coupa Software (NASDAQ:COUP) CEO Rob Bernshteyn: "Our strong financial results in the third quarter reflect the tremendous value we are creating in partnership with our customers. Companies are leveraging our unified cloud platform to maximize spend under management, achieve significant cost savings and drive profitability. As of the end of the third quarter, Coupa has helped deliver more than $10 billion in cumulative savings to our customers. With the completion of our initial public offering in October, we believe we are extremely well positioned to continue driving measurable business value with all our customers globally."
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