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Why Shares of Coupa Software Jumped Today

TheMotleyFool

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Why Shares of Coupa Software Jumped TodayPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

Shares of Coupa Software (NASDAQ: COUP) rose on Wednesday after the cloud software provider reported its second-quarter results. Revenue and earnings soared, easily beating analyst expectations, and the company raised its guidance for the full year. The stock was up about 11.5% at 11:40 a.m. EDT today.

Coupa reported second-quarter revenue of $95.1 million, up 54% year over year and about $9.8 million higher than the average analyst estimate. Subscription revenue rose 51% to $83.5 million, while quarterly calculated billings grew 57% to $107.7 million.

Image source: Getty Images.

Source Fool.com

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