Coupa Software Incorporated (NASDAQ:COUP) Q3 2019 Earnings Conference Call - Final Transcript
Dec 02, 2019 • 05:00 pm ET
We expect non-GAAP net income per diluted share in the range of $0.34 to $0.37, based upon an estimated 70 million weighted average diluted shares for the year.
We will provide FY '21 guidance on our next call, but as you roll your models forward, we'd like to remind you that we recognize revenue based on the number of days in the quarter and since there are fewer days in Q1 due to February, steady state subscription revenues are lower in Q1, compared to Q4 similarly, as noted last year.
That concludes our prepared remarks. As we move to Q&A, please be mindful that we have a long queue of questions. In order to accommodate everyone, please limit your questions to one and we'll circle back, time permitting.
Now, we'd be happy to begin fielding your questions. Operator?