Coupa (COUP) stock up, UiPath (PATH) drifts after Q2 earnings

Highlights

  • The revenue of Coupa Software Incorporated (NASDAQ: COUP) rose 42% YoY to US$179.2 million in Q2 of fiscal 2022.
  • The revenue of UiPath, Inc. (NYSE: PATH) surged 40% YoY to US$195.5 million in Q2 of FY 2022.
  • COUP expects its revenue to be between US$177 million and US$178 million in Q3 of FY 2022.

Stocks of Coupa Software Incorporated (NASDAQ: COUP) and UiPath, Inc. (NYSE: PATH) were trending on Wall Street Wednesday, a day after reporting strong second-quarter FY 2022 results. The former rose over 3%, while the latter fell more than 9% in the pre-market trading.

The COUP stock traded at US$272.45 at 9:24 am ET, up 3.46 percent from its previous closing price. On the other hand, PATH stock plunged 9.49 percent to US$56.53 at 9:26 am ET.

Here we explore the second-quarter performance of the two companies.

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Coupa Software Incorporated (NASDAQ: COUP)

The San Mateo, California-based Coupa Software Incorporated is a cloud-based technology platform and operates globally. The company provides Business Spend Management (BSM) services to clients. Coupa Software was founded in 2006.

The company reported a revenue of US$179.2 million in Q2 of fiscal 2022, representing an increase of 42 percent from the previous year's quarter. Its subscription revenue rose 40 percent YoY to US$156.2 million.

On a GAAP basis, the operating loss of the company was US$54.3 million, compared to a loss of US$31.9 million in the year-ago quarter. The company’s GAAP net loss was US$91.5 million, or US$1.24 per share, compared to a loss of US$43.1 million, or US$0.64 apiece, in Q2 of FY 2021.

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The operating cash flows were US$40.8 million in Q2 of FY 2022, while its adjusted free cash flows came in at US$36.9 million.

The company now expects its revenue to be between US$177 million and US$178 million in Q3 of fiscal 2022 while projecting its full-year FY22 revenue to be between US$706 million and US$708 million.

Coupa Software’s market cap is US$19.36 billion, the forward P/E one year is -87.20, and its EPS is US$-4.35. The stock value fell 21.61 percent YTD.

Coupa Software’s 52-week highest and lowest stock prices were US$377.04 and US$203.50, respectively. Its share volume was 3,346,903 on September 7.

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UiPath, Inc. (NYSE: PATH)

UiPath is a technology company based in New York. The company primarily focuses on robotic automation services. UiPath’s total revenue in Q2 of FY 2022 was US$195.52 million compared to US$139.37 million in the year-ago quarter. New-York-based company’s gross profit was US$159.92 million against US$124.67 million in the same quarter the previous year.

The operating loss of the company was US$97.82 million, compared to US$17.02 million in the Q2 of FY 2021. It reported a net loss of US$100.02 million, compared to an income of US$4.98 million in the year-ago quarter.

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UiPath forecasts its Q3 FY 2022 revenue to be between US$207 million and US$209 million.

Its market cap is US$29.22 billion, while the forward P/E one year is -97.59.


The PATH stock plunged 9.48 percent YTD. UiPath’s 52-week highest and lowest stock prices were US$90.00 and US$57.01, respectively. Its share volume on September 7 was 9,054,335.

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Bottomline


Gains in the technology sector have pulled up the major US stock indices, like Nasdaq Composite and S&P 500, in recent days. The S&P 500's information technology sector rose 22.07 percent YTD. Analysts believe the ebbing of the Fed's stimulus tapering threat led to investors’ confidence. However, investors should consider market volatilities and evaluate companies carefully before making an investment.

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