
Coupa FY 2Q23 Earnings: Earning, Revenue Beat Estimates, Raised Forecast, and a Robust Share Buyback Announcement
Description
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.
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.
Table of Contents
3 Pages
- Executive Snapshot
- In This Market Note
- Coupa FY 2Q23 Earnings
- IDC's Point of View
- Synopsis
Pricing
Currency Rates
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