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Benzinga
Benzinga
Business
Anusuya Lahiri

REVEALED: Raymond james says coupa beat oracle and sap in software market share gains | Vintage Vibes

  • Raymond James observed Gartner's report that saw Coupa Software Inc (NASDAQ:COUP) gain ~135 points of software market share in procurement, with a growth of 35%, more than double the industry average at ~16%.
  • While acquisitions aided that market share gain, Raymond saw that none of the most prominent players (mainly Oracle Corp (NYSE: ORCL) and SAP SE (NYSE:SAP) with 43% share) grew faster than low double digits. 
  • While the overall spending on procurement has slowed during COVID, we think the data should help alleviate bearish concerns about Coupa's win rates changing. 
  • Price Action: COUP shares traded lower by 6.35% at $93.56 on the last check Monday.
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