Coupa Software, a procure-to-pay software provider announced revenue rose 46.7% in the fourth quarter of its fiscal 2021 year ended Jan. 21.

“This year, we delivered record financial results across all key measures amid a difficult macroeconomic environment,” Chairman and CEO Rob Bernshteyn said.

Bernshteyn “Looking back on the past year, we carefully and thoughtfully scaled the organization by efficiently onboarding more than 1,300 employees across all areas including sales, marketing, products, development, and services. Simultaneously, we expanded the world's most comprehensive BSM platform by adding supply chain design and planning, treasury, and by enhancing our supplier diversity and travel and expense offerings. We added many new customers to our growing Coupa community from mid-market to large enterprise including dozens of Fortune 500 companies, and we successfully shifted our software implementations to fully virtual while reducing deployment times by about a month. Once live, these customers contributed to our cumulative spend under management, which now exceeds $2.3 trillion.

Bernshteyn said Coupa delivered on their model of 30% plus annual revenue growth.

On March 17th, Bernshteyn sold 50,000 shares of COUP on 03/17/2021 at an average price of $254.29 a share. The total sale was $12.7 million.

Coupa Software Revenue Rises 47% in Fiscal First Quarter