San Mateo, Calif.-based Coupa posted non-GAAP net income of $2.1 million, or 3 cents a share, in its fiscal first quarter, compared with a loss of $500,000, or 1 cent a share, in the comparable year-ago period. Analysts polled by FactSet had been expecting a loss of 4 cents a share.
Revenue rose 44% to $81.3 million, up from $56.4 million a year earlier. Wall Street analysts had been anticipating revenue of $73.8 million.
For the current quarter ending in July, Coupa said it expects to post a per-share loss of between 10 cents and 12 cents, steeper than the 1-cent loss currently expected by analysts. However, it now expects revenue of $85 million, higher than current consensus estimate of $78 million.
Shares in Coupa were up 6.6% to $109.26 in trading on the Nasdaq Stock Market.