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View All NewsWorld – Spend management software firm Coupa reports revenue up 54%, but net loss increases
03 September 2019
Spend management software firm Coupa Software (NASDAQ: COUPA) reported revenue jumped 54.3% in its fiscal second quarter ended 31 July. However, net loss increased.
The San Mateo, California-based company acquired staffing VMS provider DCR Workforce in August 2018 for USD 25 million.
| (USD thousands) | Q2 2019 | Q2 2018 | % change |
| Revenue | $95,139 | $61,651 | 54.3% |
| Gross profit | $60,649 | $43,011 | 41.0% |
| Gross margin | 63.7% | 69.8% | |
| Net loss | ($19,994) | ($13,854) | nm |
Guidance
Coupa forecast third-quarter revenue to be up between 41.6% and 43.1%.
Share price and market cap
Shares in Coupa closed down 3.26% on Tuesday to USD 134.40; the company had a market cap of $8.58 billion.