Coupa Software (COUP) saw its loss narrow to $6.61 million, or $0.13 a share for the quarter ended Jan. 31, 2017. In the previous year period, the company reported a loss of $11.49 million, or $2.18 a share. On the other hand, adjusted net loss for the quarter narrowed to $2.50 million, or $0.05 a share from a loss of $10.17 million or $1.93 a share, a year ago. Revenue during the quarter surged 44.20 percent to $38.02 million from $26.36 million in the previous year period. Gross margin for the quarter expanded 773 basis points over the previous year period to 70.03 percent. Operating margin for the quarter stood at negative 16.93 percent as compared to a negative 41.66 percent for the previous year period.
Operating loss for the quarter was $6.44 million, compared with an operating loss of $10.98 million in the previous year period.
However, the adjusted operating loss for the quarter stood at $2.32 million compared to operating loss of $9.66 million in prior year period.
"We closed a successful fiscal 2017 by achieving strong results across the board in Q4," said Rob Bernshteyn, chief executive officer of Coupa. "Our unified platform has now processed more than $360 billion in cumulative spend, driving cost savings and increasing profitability for our customers. We made significant advancements in our technology with the release of R17 and acquisition of Spend360, and added marquee customers including Caterpillar, Paul HARTMANN, and many others. With continued strength in North America and Europe and increasing traction in Asia Pacific and Latin America, we are well positioned as we enter the new fiscal year."
For the first-quarter, Coupa Software expects revenue to be in the range of $38 million to $38.50 million. Coupa Software expects revenue to be in the range of $167 million to $170 million for financial year 2018. The company expects adjusted operating income to be in the range of $6 million to $8.50 million for the first-quarter. For fiscal year 2018, the company expects adjusted operating income to be in the range of $27 million to $30 million. On an adjusted basis, the company projects diluted earnings per share to be in the range of $0.12 to $0.17 for the first-quarter. For financial year 2018, the company projects diluted earnings per share to be in the range of $0.53 to $0.58 on adjusted basis.
Operating cash flow remains negativeCoupa Software has spent $20.96 million cash to meet operating activities during the year as against cash outgo of $22.07 million in the last year. The company has spent $11.24 million cash to meet investing activities during the year as against cash outgo of $5.29 million in the last year.
Cash flow from financing activities was $141.57 million for the year, up 82.11 percent or $63.83 million, when compared with the last year.
Cash and cash equivalents stood at $201.72 million as on Jan. 31, 2017, up 118.44 percent or $109.37 million from $92.35 million on Jan. 31, 2016.
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