![]() ![]() It generated 40% of its revenue overseas last year, and the European market remains a weak link as it grapples with softer demand and longer upgrade cycles. It expects its non-GAAP (generally accepted accounting principles) net income to rise approximately 4% to $65.5 million, while analysts expect its net loss to narrow slightly to $338 million on a GAAP basis.Ĭoupa mainly blames that slowdown on macroeconomic headwinds. But in fiscal 2023, Coupa expects its revenue to grow just 16% to about $841 million. Those acquisitions expanded its ecosystem and boosted its revenue, but they also inflated its expenses and obfuscated its organic revenue growth.Ĭoupa's revenue rose 34% to $725.3 million in fiscal 2022, but its net loss more than doubled to $379.0 million, even as it acquired fewer companies. However, its net loss nearly doubled to $180.1 million.Ī large portion of its losses in both years can be attributed to its acquisitions of Kinaxis, Bellin, Much-Net, and LLamasoft (which represented its largest acquisition ever at $1.5 billion). Its revenue grew 39% to $541.6 million in fiscal 2021, and its core business remained resilient throughout the pandemic as large companies used its software to cut costs and streamline their operations. ![]() Its major customers include BMW, AstraZeneca, and Redfin.Ĭoupa's revenue rose 50% to $389.7 million in fiscal 2020, which ended in January of the calendar year, but its net loss widened from $55.5 million to $90.8 million. Coupa's growth has been cooling offĬoupa's cloud-based Business Spend Management (BSM) platform enables large companies to optimize their spending patterns, inventories, and supply chains. ![]()
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