Top Stories
Top Stories

Coupa CEO on company's successful public debut

Coupa CEO: Value for customers is what we care about

Coupa Software shares skyrocketed more than 90 percent in its market debt on the Nasdaq Thursday.

Coupa CEO Rob Bernshteyn said the billion dollar cloud-computing company is focused on adding value that drives customers forward.

The Silicon Valley based company has worked with brands like Nike, Sanofi, Barclays, and Toyota; saving costumers on the Coupa clouding platform $8 billion.

"We are going after a huge, total addressable market. We are managing our growth very very carefully. For every investment dollar we have burnt, we have created a dollar in recurring revenue — that is how we are looking at this business," said Bernshteyn on CNBC's "Squawk Alley."

Explaining that since profitability never goes out of style, Bernshteyn said "that is what we are going for our customers."

Coupa follows another cloud-computing company's IPO footsteps. Last Friday, Nutanix stock made a successful debut — soaring 130 percent on its first day of trading.