COUP - COUP STOCK NEWS

SecurityScorecard has announced its integration with Coupa Software (NASDAQ: COUP) to offer Security Ratings data within the Coupa Business Spend Management (BSM) Platform. This integration allows users to measure and understand the cybersecurity posture of their vendors effectively. Key benefits include assessing vendor cybersecurity, evaluating historical performance, prioritizing vendors for review, establishing minimum scores, and engaging vendors for remediation. The partnership aims to enhance visibility into vendor risk while optimizing business spending.

Coupa Software (NASDAQ: COUP) reported a 31% increase in total revenues, reaching $133 million for Q3 2020. Subscription revenues also rose by 31% to $118.1 million. However, GAAP operating loss widened to $33.6 million compared to the prior year. The net loss increased to $60.8 million, with a loss per share of $0.88. Despite these losses, non-GAAP operating income improved to $14.3 million. The company is poised for growth as it focuses on resilience and market dominance.

Coupa Software (NASDAQ: COUP) announced its management team's participation in the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020. The event will be held virtually, starting at 8:30 am PT (11:30 am ET). Investors can access the live remarks through Coupa's investor relations website, where a replay will be available for 90 days post-event. Coupa specializes in providing visibility and control for companies to spend smarter and safer. For more information, visit www.coupa.com.

Coupa partners with The Salvation Army Australia to enhance its capacity amidst increased humanitarian needs due to COVID-19. The organization's strategic vision aligns with Coupa's mission to optimize spending, ensuring resources are effectively utilized. Every $125 saved can provide one night of emergency accommodation. Coupa's platform will streamline expense processes, offering greater visibility and control over spending. This collaboration empowers The Salvation Army to better serve the rising number of people in need during these challenging times.

Coupa Software released its Q4 2020 Business Spend Index (BSI), indicating a 6% improvement in business spend sentiment from the previous quarter, though overall confidence remains below trend. The index reveals a significant 97% decrease in air travel spending and a 22% decrease in office supplies. Conversely, spending on technology increased by 13.5%, contingent workforce by 41%, and shipping by 29%. While corporate spending is recovering, many sectors, particularly manufacturing and retail, continue to experience challenges.

Coupa Software (NASDAQ: COUP) announced that Walmart has selected its Business Spend Management platform to enhance its source-to-pay processes. This partnership aims to improve visibility into Walmart's global spending, streamline procurement, and drive cost efficiencies. Coupa's modern solutions will replace Walmart's complex procurement systems, allowing for better sourcing of third-party spend, especially in North America. The phased rollout will involve procurement and advanced contract lifecycle management, ultimately enabling Walmart to achieve incremental savings across its operations.

Coupa Software (NASDAQ: COUP) has announced its quarterly conference call scheduled for December 7, 2020, at 1:30 p.m. PT. The call will focus on the company’s financial results for the fiscal third quarter of 2021. Investors can access the live webcast via the Coupa Investor Relations website, with a replay available afterward. The earnings release will also be published on the website before the call. Coupa aims to empower organizations with enhanced visibility and control over their spending processes.

Coupa Software announced a proposed underwritten public offering of 2,149,008 shares of its common stock on November 2, 2020. All shares are being sold by existing stockholders, including funds affiliated with TPG Global, Goldman Sachs, and MK Capital. Coupa will not receive any proceeds from this offering, with Goldman Sachs & Co. LLC acting as the sole underwriter. An automatic shelf registration statement regarding the shares has been filed with the SEC and is effective immediately. Final terms will be disclosed in a subsequent prospectus.

Coupa Software (NASDAQ: COUP) has acquired LLamasoft for approximately $1.5 billion. LLamasoft specializes in AI-powered supply chain design and planning, serving notable clients like Boeing and Nestle. This acquisition enhances Coupa's supply chain capabilities amidst growing demand for agile planning and risk mitigation. Coupa aims to leverage LLamasoft's technology to optimize Business Spend Management, combining it with its existing $2 trillion transactional data. The deal underscores the increasing importance of advanced supply chain solutions.