Coupa FY 2Q23 Earnings: Earning, Revenue Beat Estimates, Raised Forecast, and a Robust Share Buyback Announcement

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,500	3 Pages	IDC	September, 2022	IDC17414687

Best Price Guarantee
Price	from $1,500
Length	3 Pages
Publisher	IDC
Published Date	September, 2022
SKU	IDC17414687

Coupa FY 2Q23 Earnings: Earning, Revenue Beat Estimates, Raised Forecast, and a Robust Share Buyback Announcement

This IDC Market Note highlights the second quarter FY23 earnings results of Coupa. During its FY 2Q23 earnings announcement, Coupa highlighted a solid estimates beat, raised its forward guidance, and announced a robust $100 million share buyback. An uncertain global macroenvironment and concerns over a possible recessionary environment provided some headwinds that could emerge in the back half of the year. A strong pipeline and an "enormous" total addressable market provide strong momentum for Coupa as we move forward in its FY23.

Please Note: Extended description available upon request.

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Coupa FY 2Q23 Earnings
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Synopsis

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Coupa FY 2Q23 Earnings: Earning, Revenue Beat Estimates, Raised Forecast, and a Robust Share Buyback Announcement

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