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Coupa Software Inc. (COUP) Has Climbed To A New High On Strong Q2 Results

Coupa Software Inc. (COUP) reported second quarter non-GAAP EPS of $0.05 after the bell Tuesday, compared to the loss of $0.10 a year ago. Analysts expected a loss of $0.09. The company expects to report a third quarter non-GAAP loss of $0.04 to $0.01 and a non-GAAP loss of $0.11 to $0.06 for the full year. Street expectations are for losses of $0.05 and $0.17 respectively.

The company also announced that it has agreed to acquire the technology assets of DCR Workforce.

Coupa Software has gapped open sharply higher Wednesday morning and is now up 7.31 at $79.31. The stock has leaped to a new high for the year.

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