Coupa Software (COUP) was active on a number of fronts, reporting a strong start to its FY ’21, pricing an upsized convertible debt offering and acquiring BELLIN Group to extend its reach into treasury management. New bookings were back-end loaded with April exhibiting improvement over March, but renewals remained consistent with prior quarters and expansion with existing customers was above historical rates.
Read MoreEarnings season for those with an April quarter-end concluded this week, providing an added glimpse into how business has trended since the onset of the COVID-19 crisis. The latter half of March and April proved challenging for most organizations as customers focused on their own operations.
Read MoreThe United Postal Service’s (USPS) monthly data for April revealed a 54.7% Y/Y increase in PC Postage revenue, marking a significant acceleration from the 13.4% increase in March and the 13.7% increase in the same period last year. This comes as no surprise as management’s commentary during Stamps.com’s (STMP) Q1 earnings call highlighted double-digit growth in U.S. dollar volume processed across all carriers in March and growth north of 50% in April.
Read MoreDespite disruption from the COVID-19 outbreak during the latter half of its fiscal Q1, QAD (QADA) turned in a solid start to FY ‘21. Revenue was slightly ahead of Street expectations and just shy of our estimate despite a significant intra-quarter headwind from FX.
Read MoreQAD (QADA) reports its fiscal Q1 ’21 results on Wednesday, May 27. Similar to many other software companies that have reported since the COVID-19 outbreak, we expect the results to reflect disruption from the pandemic.
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