target audience: TECH SUPPLIER Publication date: Sep 2022 - Document type: Market Note - Doc Document number: # US49669222
Coupa FY 2Q23 Earnings: Earning, Revenue Beat Estimates, Raised Forecast, and a Robust Share Buyback Announcement
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Abstract
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.