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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.
"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."