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Stock recommendation: Coupa

Coupa provides a unique cloud-based service that is, Value as a service. Coupa’s business focuses on a pain point, and they resolve that by delivering a best-unified platform.

All users review it as a good product with easy integration between suppliers and the existing ERP system.

Financials:

In the last five years, revenue increased from $83.68 million to $389.72 million. Also, the company increased its research and development spending from $22.77 million in 2016 to $93.09 million in 2019

Customer growth:

During its journey, the company has reached 700+ customers in 40 countries. Major customers of Coupa are Nike, Caterpillar, Slack, Coca-Cola, Adidas, Subway, Amazon, BNP Paribas, Salesforce, etc.

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