coupa software inc shares rose 14 to 6386 in afterhours trading tuesday after the company raised its outlook following betterthanexpected results in the latest quarter the cloudbased business spend management platform guided for revenue between 211 million to 214 million and adjusted earnings pershare between 8 cents to 10 cents in the third quarter analysts polled by factset expected 2141 million in revenue and adjusted earnings of 6 cents a share the company raised its fiscal 2023 outlook coupa said it now expects revenue between 838 million to 844 million and adjusted earnings pershare between 37 cents to 44 cents up from its prior guidance of revenue between 838 million to 843 million and adjusted earnings pershare between 21 cents to 27 cents coupa said its board authorized a share repurchase program of up to 100 million of its common stock the program is currently set to expire on sept 1 2023 the stronger forecast comes as the san mateo califbased company narrowed its loss and posted betterthanexpected revenue in the latest quarter coupa recorded a loss of 753 million on revenue of 2111 million in the second quarter ended july 31 from a loss of 915 million on revenue of 1792 million a year earlier