Coupa Software Reports Fourth Quarter & Full Year Fiscal 2019 Financial Results
SAN MATEO, Calif., March 11, 2019 /PRNewswire/ -- Coupa Software (NASDAQ: COUP) today announced financial results for the fourth quarter and fiscal year ended January 31, 2019.
"The fourth quarter of fiscal 2019 was the strongest quarter yet in our company's history, as marked by a number of significant milestones," said Rob Bernshteyn, chief executive officer at Coupa. "We achieved 42% year-over-year subscription revenue growth and 11.5% annual free cash flow margins. We were also profitable for the year on a non-GAAP basis, delivering non-GAAP earnings per share of 18 cents, with a net loss per share of 96 cents on a GAAP basis. In addition, we surpassed $1 trillion in cumulative spend under management demonstrating the breadth and depth of our growing customer base. Heading into fiscal 2020, our powerful combination of innovation, execution, and core values that are centered around ensuring customer success, will enable us to extend our leadership position in Business Spend Management (BSM)."
See the section titled "Non-GAAP Financial Measures" and the reconciliation tables below for important details regarding Coupa's non-GAAP measures. Coupa defines free cash flows as operating cash flows less purchases of property and equipment and free cash flow margins as free cash flows divided by total revenues.
Fourth Quarter Results
-- Total revenues were $74.9 million, an increase of 39% compared to the
same period last year. Subscription revenues were $67.5 million, an
increase of 45% compared to the same period last year.
-- GAAP operating loss was $14.7 million, compared to a loss of $9.1
million for the same period last year. Non-GAAP operating income was
$2.4 million, compared to income of $0.9 million for the same period
last year.
-- GAAP net loss was $16.6 million, compared to a loss of $8.7 million for
the same period last year. GAAP net loss per basic and diluted share was
$0.28, compared to a loss of $0.16 for the same period last year.
Non-GAAP net income was $3.4 million, compared to $1.4 million for the
same period last year. Non-GAAP net income per diluted share was $0.05,
compared to $0.02 for the same period last year.
-- Operating cash flows and free cash flows for the quarter ended January
31, 2019, were $9.5 million and $6.8 million, respectively.
Fiscal Year 2019 Results
-- Total revenues were $260.4 million, an increase of 39% from the previous
year. Subscription revenues were $233.4 million, an increase of 42% from
the previous year.
-- GAAP operating loss was $47.4 million, compared to a loss of $45.0
million for the previous year. Non-GAAP operating income was $12.5
million, compared to a loss of $11.8 million for the previous year.
-- GAAP net loss was $55.5 million, compared to a loss of $43.8 million for
the previous year. GAAP net loss per basic and diluted share was $0.96,
compared to a loss of $0.83 for the previous year. Non-GAAP net income
was $11.6 million, compared to a loss of $11.3 million for the previous
year. Non-GAAP net income per diluted share was $0.18, compared to a
loss of $0.21 per diluted share for the previous year.
-- Operating cash flows and free cash flows for the year ended January 31,
2019, were $37.4 million and $29.9 million, respectively.
Business Outlook:
The following forward-looking statements reflect Coupa's expectations as of March 11, 2019.
First quarter of fiscal 2020:
-- Total revenues are expected to be between $73.5 and $74.0 million.
-- Subscription revenues are expected to be between $67.5 and $68.0
million. This includes a negative impact of approximately $2.0 million
due to three fewer calendar days for revenue recognition in Q1 compared
to Q4.
-- Professional services and other revenues are expected to be
approximately $6.0 million.
-- Non-GAAP loss from operations is expected to be between $2.0 and $3.5
million.
-- Non-GAAP net loss per basic and diluted share is expected to be between
$0.03 loss and $0.06 loss per share.
-- Basic weighted average share count is expected to be approximately 61.0
million shares.
-- Free cash flows are expected to be approximately $15.0 million.
Full year fiscal 2020:
-- Total revenues are expected to be between $325.0 and $327.0 million.
-- Non-GAAP income from operations is expected to be between $3.0 and $7.0
million.
-- Non-GAAP net income per diluted share is expected to be between $0.04
and $0.10 per share.
-- Diluted weighted average share count is expected to be approximately
70.0 million shares.
Recent Business Highlights:
-- Coupa added new customers in Q4, including but not limited to: Air
Methods, Bank of Hope, BDP International, BJ Services, Botanic-Serres Du
Saleve, Canadian Tire, Copa Holdings, Elekta, Erco Worldwide, Evelo
Biosciences, Freshworks, Guardian Industries, InvestRes, InVisionApp,
Kin Group, KPMG Australia, Looker, Munich Re, North Queensland Airport
Group, Novo Nordisk, Pacific Life Insurance, Peloton Interactive,
Randstad US, Settlement Services International, Shopify,
Sibanye-Stillwater, TearFund, Telia Company, Uniting Vic Tas, Vanquis
Bank (Provident), WeddingWire, and WP Engine.
-- Coupa announced its latest release of product innovations for the BSM
Platform. New industry-first capabilities were unveiled as part of this
release which leverages community intelligence, powered by artificial
intelligence, and enhanced global compliance capabilities to empower
businesses to manage their spend in a simpler, safer, and smarter way.
-- Following the announcement of Coupa Pay, the company's B2B payments
solution, Coupa announced a new strategic partnership with J.P. Morgan,
which joins a growing list of virtual card issuers that are enabling
businesses to manage payments in a fast, secure, and convenient way.
-- Coupa announced that it acquired Hiperos, a leading third-party risk
management provider and division of Opus. This acquisition provides
businesses with the advanced technology they need to extensively
evaluate the risk of their supplier base to further protect their brand
and bottom line.
-- Coupa was named a Leader in two new reports: the IDC MarketScape:
Worldwide SaaS and Cloud-Enabled Accounts Payable Applications 2019
Vendor Assessment and the Forrester Wave: Source-to-Contract CLM, Q1
2019 for Contract Lifecycle Management.
Conference Call Information:
Coupa will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time today.
-- Parties in the U.S. and Canada can access the call by dialing (888)
204-4368, using conference code 2289487.
-- International parties can access the call by dialing +1 (323) 794-2423,
using conference code 2289487.
A live webcast will be accessible on Coupa's investor relations website at http://investors.coupa.com. A replay will be available through the same link. A telephonic replay of the conference call will be available through Monday, March 18, 2019. To access the replay, parties in the U.S. and Canada should call (888) 203-1112 and enter conference code 2289487. International parties should call +1 (719) 457-0820 and enter conference code 2289487.
Non-GAAP Financial Measures:
In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain certain non-GAAP financial measures that exclude certain items, including share-based compensation expenses, amortization of acquired intangible assets, amortization of debt discount and issuance costs from convertible notes, and related tax effects including non-recurring income tax adjustments. In addition, the weighted average diluted shares used to calculate non-GAAP net income per share reflect the anti-dilutive impact of the capped call transactions entered into in connection with the convertible notes. Coupa believes these non-GAAP measures are useful in evaluating its operating performance and regularly reviews these measures as it evaluates its business.
Coupa believes these non-GAAP measures provide investors and other users of its financial information consistency and comparability with its past financial performance and facilitate period to period comparisons of operations. Coupa believes these non-GAAP measures are useful in evaluating its operating performance compared to that of other companies in its industry, as they generally eliminate the effects of certain items that may vary for different companies for reasons unrelated to overall operating performance.
Coupa uses these non-GAAP measures in conjunction with GAAP measures as part of its overall assessment of its performance, including the preparation of its annual operating budget and quarterly forecasts, to evaluate the effectiveness of its business strategies and to communicate with its board of directors concerning its financial performance. The definitions of its non-GAAP measures may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Thus, Coupa's non-GAAP measures should be considered in addition to, not as substitutes for, or in isolation from, measures prepared in accordance with GAAP.
Coupa compensates for these limitations by providing investors and other users of its financial information a reconciliation of non-GAAP measures to the related GAAP financial measures. Coupa encourages investors and others to review its financial information in its entirety, not to rely on any single financial measure and to view its non-GAAP measures in conjunction with GAAP financial measures. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures attached to this release.
With respect to Coupa's guidance as provided under "Business Outlook" above, Coupa has not reconciled its expectations for non-GAAP income (loss) from operations to GAAP loss from operations or non-GAAP net income (loss) per share to GAAP net loss per share because certain items excluded from non-GAAP operating income (loss) and net income (loss), such as charges related to share-based compensation expenses, amortization of acquired intangible assets, amortization of debt discount and issuance costs from our convertible notes, and related tax effects including non-recurring income tax adjustments, cannot be reasonably calculated or predicted at this time. In addition, the effect of the anti-dilutive impact of the capped call transactions entered into in connection with the convertible notes cannot be reasonably calculated or predicted at this time. The effect of these items may be significant.
Coupa also uses key metrics such as cumulative spend under management, which represents the aggregate amount of money that has been transacted through its core platform for all of its customers collectively since it launched its platform. Coupa calculates this metric by aggregating the actual transaction data, for invoices, purchase orders and expenses, from customers on its core platform. While Coupa does not believe this metric is directly correlated to its financial results, it believes that the adoption of its core platform, as evidenced by growth in cumulative spend under management, drives additional value to its customers, which will enhance its ability to acquire new customers and to increase renewals and upsells to existing customers.
Forward-Looking Statements:
This release includes forward-looking statements. All statements other than statements of historical facts, including the statements of management and statements in "Business Outlook" are forward-looking statements. These forward-looking statements are based on Coupa's current expectations and projections about future events and trends that Coupa believes may affect its financial condition, results of operations, strategy, short- and long-term business operations and objectives, and financial needs.
These forward-looking statements are subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially, including Coupa has a limited operating history, which makes it difficult to predict its future operating results; if Coupa is unable to attract new customers, the growth of its revenues will be adversely affected; because its platform is sold to large enterprises with complex operating environments, Coupa encounters long and unpredictable sales cycles; risks and liabilities related to breach of its security measures or unauthorized access to customer data; the markets in which Coupa participates are intensely competitive; Coupa's business depends substantially on its customers renewing their subscriptions and purchasing additional subscriptions; if Coupa fails to develop widespread brand awareness cost-effectively, its business may suffer; and if Coupa fails to manage its recent rapid growth effectively, Coupa may be unable to execute its business plan, maintain high levels of service, or adequately address competitive challenges.
These and other risks and uncertainties that could affect Coupa's future results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Coupa's quarterly report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on December 10, 2018, which is available at investors.coupa.com and on the SEC's website at www.sec.gov. Further information on potential risks that could affect actual results will be included in other periodic filings Coupa makes with the SEC.
The forward-looking statements in this release reflect Coupa's expectations as of March 11, 2019. Coupa undertakes no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in its expectations.
About Coupa Software
Coupa Software (NASDAQ: COUP) is the leading provider of BSM solutions. We offer a comprehensive, cloud-based BSM platform that has connected hundreds of organizations with more than four million suppliers globally. Our platform provides greater visibility into and control over how companies spend money. Using our platform, businesses are able to achieve real, measurable value and savings that drive their profitability. Learn more at www.coupa.com. Read more on the Coupa Blog or follow @Coupa on Twitter.
COUPA SOFTWARE INCORPORATED
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(unaudited)
Three Months Ended
Year Ended
January 31,
January 31,
2019 2018 2019 2018
Revenues:
Subscription services $67,529 $46,642 $233,428 $164,865
Professional services and other 7,379 7,110 26,938 21,915
Total revenues 74,908 53,752 260,366 186,780
Cost of revenues:
Subscription services 16,216 9,906 53,153 36,481
Professional services and other 8,809 6,560 30,301 23,425
Total cost of revenues 25,025 16,466 83,454 59,906
Gross profit 49,883 37,286 176,912 126,874
Operating expenses:
Research and development 18,915 13,235 61,608 44,536
Sales and marketing 28,797 21,830 105,659 88,722
General and administrative 16,920 11,278 57,005 38,578
Total operating expenses 64,632 46,343 224,272 171,836
Loss from operations (14,749) (9,057) (47,360) (44,962)
Interest expense (3,242) (490) (12,518) (502)
Interest income and other, net 2,255 2,034 3,817 3,307
Loss before provision for
(benefit from) income taxes (15,736) (7,513) (56,061) (42,157)
Provision for (benefit from)
income taxes 835 1,210 (537) 1,648
Net loss $(16,571) $(8,723) $(55,524) $(43,805)
Net loss per share attributable
to common stockholders, basic
and diluted $0.28 $0.16 $0.96 $0.83
Weighted-average number of
shares used in computing net
loss per share attributable to
common stockholders, basic and
diluted 59,752 54,810 57,716 52,999
COUPA SOFTWARE INCORPORATED
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share amounts)
(unaudited)
January 31,
January 31,
2019 2018
Assets
Current assets:
Cash and cash equivalents $141,250 $412,903
Marketable securities 180,169
Accounts receivable, net of allowances 95,274 61,366
Prepaid expenses and other current
assets 10,343 10,952
Deferred commissions, current portion 7,324 3,756
Total current assets 434,360 488,977
Property and equipment, net 10,549 5,186
Deferred commissions, net of current
portion 18,904 3,896
Goodwill 209,560 44,410
Intangible assets, net 55,925 20,020
Other assets 10,766 9,961
Total assets $740,064 $572,450
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $5,485 $1,342
Accrued expenses and other current
liabilities 41,792 26,643
Deferred revenue, current portion 179,967 125,714
Convertible senior notes, net 174,615
Total current liabilities 401,859 153,699
Convertible senior notes, net 163,010
Deferred revenue, net of current
portion 2,620 2,316
Other liabilities 22,304 12,880
Total liabilities 426,783 331,905
Stockholders' equity:
Preferred stock, $0.0001 par value per
share
Common stock, $0.0001 par value per
share 6 6
Additional paid-in capital 567,797 445,318
Accumulated other comprehensive income
(loss) 335 (298)
Accumulated deficit (254,857) (204,481)
Total stockholders' equity 313,281 240,545
Total liabilities and stockholders'
equity $740,064 $572,450
COUPA SOFTWARE INCORPORATED
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(unaudited)
Year Ended
January 31,
2019 2018
Cash flows from operating
activities
Net loss $(55,524) $(43,805)
Adjustments to reconcile net loss
to net cash provided by
operating activities:
Depreciation and amortization 10,442 7,562
Accretion of discounts on
marketable securities, net (1,621)
Amortization of deferred
commissions 5,791 4,001
Amortization of debt discount and
issuance costs 11,605 459
Stock-based compensation 52,946 29,694
Others 281 41
Changes in operating assets and
liabilities net of effects from
acquisitions:
Accounts receivable (28,493) (10,710)
Prepaid expenses and other
current assets 410 (390)
Other assets (3,402) (746)
Deferred commissions (15,332) (5,667)
Accounts payable 3,182 (4,005)
Accrued expenses and other
liabilities 11,399 7,120
Deferred revenue 45,752 36,072
Net cash provided by operating
activities 37,436 19,626
Cash flows from investing
activities
Purchase of marketable securities (302,922)
Maturities of marketable
securities 124,139
Acquisitions, net of cash
acquired (143,885) (46,075)
Purchase of property and
equipment (7,528) (4,488)
Net cash used in investing
activities (330,196) (50,563)
Cash flows from financing
activities
Proceeds from issuance of
convertible senior notes, net of
issuance costs (639) 223,675
Purchase of capped call (23,322)
Proceeds from issuance of common
stock, net of underwriting 22,264
discounts, commissions and
offering costs
Proceeds from the exercise of
common stock options 12,964 12,500
Proceeds from issuance of common
stock for employee stock
purchase plan 8,778 6,824
Net cash provided by financing
activities 21,103 241,941
Net (decrease) increase in cash,
cash equivalents, and restricted
cash (271,657) 211,004
Cash, cash equivalents, and
restricted cash at beginning of
year 412,976 201,972
Cash, cash equivalents, and
restricted cash at end of period $141,319 $412,976
Reconciliation of cash, cash
equivalents, and restricted cash
to the consolidated
balance sheets
Cash and cash equivalents 141,250 412,903
Restricted cash included in other
assets 69 73
Total cash, cash equivalents, and
restricted cash $141,319 $412,976
COUPA SOFTWARE INCORPORATED
Reconciliation of GAAP to Non-GAAP Financial Measures
Three Months Ended January 31, 2019
(in thousands, except per share amounts)
(unaudited)
GAAP
Share-Based Amortization
Amortization of Other
Non-GAAP
Compensation of Acquired Debt Discount Expenses
Expenses Intangible and Issuance
Assets Costs
---
Costs and expenses:
Costs of
subscription
services $16,216 $(1,209) $(2,009)
$ -
$ - $12,998
Costs of
professional
services and other 8,809 (1,183) 7,626
Gross profit 66.6% 3.2% 2.7% 0.0% 0.0% 72.5%
Research and
development 18,915 (3,290) 15,625
Sales and marketing 28,797 (4,054) (841) 23,902
General and
administrative 16,920 (4,520) 12,400
Income (loss) from
operations (14,749) 14,256 2,850 2,357
Operating margin -19.7% 19.0% 3.8% 0.0% 0.0% 3.1%
Interest expense (3,242) 3,010 (232)
Interest income and
other, net 2,255 2,255
Income (loss) before
provision for
income taxes (15,736) 14,256 2,850 3,010 4,380
Provision for income
taxes 835 220 (85) 48 1,018
Net income (loss) (16,571) 14,036 2,935 3,010 (48) 3,362
Net income (loss)
per share
attributable to
common
stockholders, basic
(1) $(0.28) $0.06
Net income (loss)
per share
attributable to
common
stockholders,
diluted (1) $(0.28) $0.05
(1) GAAP net loss per share is
calculated based upon 59,752
basic and diluted weighted-
average shares of common
stock. Non-GAAP net income
per share is calculated based
upon 59,752 basic and 66,482
diluted weighted-average
shares of common stock. The
Company uses the treasury
stock method to calculate the
non-GAAP diluted shares
related to the convertible
notes. Please note that the
Company began reflecting the
anti-dilutive impact of the
capped call transactions
entered into in connection
with the convertible notes in
its calculation of diluted
weighted-average shares of
common stock to determine non-
GAAP net income per share
beginning with the quarter
ended January 31, 2019. The
effect of this change is not
material for any period
previously presented.
COUPA SOFTWARE INCORPORATED
Reconciliation of GAAP to Non-GAAP Financial Measures
Three Months Ended January 31, 2018
(in thousands, except per share amounts)
(unaudited)
GAAP
Share-Based Amortization
Amortization of
Non-GAAP
Compensation of Acquired Debt Discount
Expenses Intangible and Issuance
Assets Costs
---
Costs and expenses:
Costs of
subscription
services $9,906 $(636) $(771)
$ - $8,499
Costs of
professional
services and other 6,560 (757) 5,803
Gross profit 69.4% 2.6% 1.4% 0.0% 73.4%
Research and
development 13,235 (2,130) 11,105
Sales and marketing 21,830 (2,324) (258) 19,248
General and
administrative 11,278 (3,065) 8,213
Income (loss) from
operations (9,057) 8,912 1,029 884
Operating margin -16.8% 16.6% 1.9% 0.0% 1.7%
Interest expense (490) 459 (31)
Interest income and
other, net 2,034 2,034
Income (loss) before
provision for
income taxes (7,513) 8,912 1,029 459 2,887
Provision for income
taxes 1,210 106 173 1,489
Net income (loss) (8,723) 8,806 856 459 1,398
Net income (loss)
per share
attributable to
common
stockholders,
basic(1) $(0.16) $0.03
Net income (loss)
per share
attributable to
common
stockholders,
diluted (1) $(0.16) $0.02
(1) GAAP net loss per share
is calculated based upon
54,810 basic and diluted
weighted-average shares
of common stock. Non-GAAP
net income per share is
calculated based upon
54,810 basic and 62,299
diluted weighted-average
shares of common stock.
COUPA SOFTWARE INCORPORATED
Reconciliation of GAAP to Non-GAAP Financial Measures
Year Ended January 31, 2019
(in thousands, except per share amounts)
(unaudited)
GAAP
Share-Based Amortization
Amortization of
Other
Non-GAAP
Compensation of Acquired Debt Discount Expenses (2)
Expenses Intangible and Issuance
Assets Costs
---
Costs and expenses:
Costs of
subscription
services $53,153 $(4,285) $(5,045)
$ -
$ - $43,823
Costs of
professional
services and other 30,301 (4,269) 26,032
Gross profit 67.9% 3.3% 1.9% 0.0% 0.0% 73.2%
Research and
development 61,608 (11,841) 49,767
Sales and marketing 105,659 (14,786) (1,835) 89,038
General and
administrative 57,005 (17,765) 39,240
Income (loss) from
operations (47,360) 52,946 6,880 12,466
Operating margin -18.2% 20.3% 2.6% 0.0% 0.0% 4.8%
Interest expense (12,518) 11,605 (913)
Interest income and
other, net 3,817 3,817
Income (loss) before
provision for
(benefit from)
income taxes (56,061) 52,946 6,880 11,605 15,370
Provision for
(benefit from)
income taxes (537) 1,142 8 3,174 3,787
Net income (loss) (55,524) 51,804 6,872 11,605 (3,174) 11,583
Net income (loss)
per share
attributable to
common
stockholders, basic
(1) $(0.96) $0.20
Net income (loss)
per share
attributable to
common
stockholders,
diluted (1) $(0.96) $0.18
(1) GAAP net loss per share is
calculated based upon 57,716
basic and diluted weighted-
average shares of common
stock. Non-GAAP net income
per share is calculated based
upon 57,716 basic and 64,065
diluted weighted-average
shares of common stock. The
Company uses the treasury
stock method to calculate the
non-GAAP diluted shares
related to the convertible
notes. Please note that the
Company began reflecting the
anti-dilutive impact of the
capped call transactions
entered into in connection
with the convertible notes in
its calculation of diluted
weighted-average shares of
common stock to determine non-
GAAP net income per share
beginning with the quarter
ended January 31, 2019. The
effect of this change is not
material for any period
previously presented.
(2) Other expenses consists of
the release of a valuation
allowance against deferred tax
assets.
COUPA SOFTWARE INCORPORATED
Reconciliation of GAAP to Non-GAAP Financial Measures
Year Ended January 31, 2018
(in thousands, except per share amounts)
(unaudited)
GAAP
Share-Based Amortization
Amortization of
Non-GAAP
Compensation of Acquired Debt Discount
Expenses Intangible and Issuance
Assets Costs
---
Costs and expenses:
Costs of
subscription
services $36,481 $(2,105) $(2,792)
$ - $31,584
Costs of
professional
services and other 23,425 (2,722) 20,703
Gross profit 67.9% 2.6% 1.5% 0.0% 72.0%
Research and
development 44,536 (6,928) 37,608
Sales and marketing 88,722 (8,476) (642) 79,604
General and
administrative 38,578 (9,464) 29,114
Loss from operations (44,962) 29,695 3,434 (11,833)
Operating margin -24.1% 15.9% 1.8% 0.0% -6.4%
Interest expense (502) 459 (43)
Interest income and
other, net 3,307 3,307
Loss before
provision for
income taxes (42,157) 29,695 3,434 459 (8,569)
Provision for income
taxes 1,648 691 411 2,750
Net loss (43,805) 29,004 3,023 459 (11,319)
Net loss per share
attributable to
common
stockholders, basic
and diluted (1) $(0.83) $(0.21)
(1) Calculated based upon
52,999 basic and diluted
weighted-average shares of
common stock.
COUPA SOFTWARE INCORPORATED
Reconciliation of GAAP Cash Flows from Operations to Free Cash Flows
(A Non-GAAP Financial Measure)
(in thousands)
(unaudited)
Three Months Ended
Year Ended
January 31,
January 31,
2019 2018 2019 2018
Net cash provided by
(used in) operating
activities $9,473 $(1,672) $37,436 $19,626
Less: purchases of
property and equipment (2,658) (901) (7,528) (4,488)
Free cash flows $6,815 $(2,573) $29,908 $15,138
View original content to download multimedia:http://www.prnewswire.com/news-releases/coupa-software-reports-fourth-quarter--full-year-fiscal-2019-financial-results-300810299.html
SOURCE Coupa Software
