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Coupa Software Inc COUP Stock Quote

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Morningstar‘s Stock Analysis COUP

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North American Strength Wins Out Over European Weakness in Strong Q2 for Coupa; Maintain $108 FVE

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Coupa reported a well-rounded earnings beat in its second-quarter results, while raising its outlook for the year. Despite macroeconomic concerns leading up to results, Coupa’s net retention rate remained very strong in the 110% to 112% range—which we believe was unfazed due to the strength of the company’s switching costs which is behind our narrow moat rating. While guidance was raised, Coupa was careful to note that it still bakes in an uncertain back half of the year—specifically concerning lengthening sales cycles in Europe, which Coupa is already seeing.

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Company Profile COUP

Business Description

Coupa Software is a cloud-based provider of business spend management, or BSM, solutions. Coupa’s BSM platform provides visibility into all spend, allowing companies to gain control over their spending, optimize their supplier network and supply chains, and manage liquidity. The platform’s transactional core consists of procurement, invoicing, expense management, and payment solutions, while supporting modules ranging from strategic sourcing solutions to supply chain design and planning solutions round out the comprehensive spend management ecosystem.

1855 S. Grant Street
San Mateo, CA, 94402
T +1 650 931-3200
Industry Software - Application
Most Recent Earnings Jul 31, 2022
Fiscal Year End Jan 31, 2023
Employees 3,076

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