For his second “Executive Decision” segment of Mad Money Wednesday night, Jim Cramer spoke with Rob Bernshteyn, CEO of Coupa Software (COUP) , the spending management software provider that saw its shares fall despite posting a strong quarter.
Bernshteyn said he was proud of the results this quarter, as the company was able to reduce implementation times and increase overall operational efficiency. He said spend management remains a critical area for most businesses, especially as they cope with supply chain disruptions around the globe.
When asked about those disruptions, Bernshteyn explained that many companies are using Coupa’s community intelligence to diversify their supply chains and optimize their spending. Many companies are switching from single-source to multi-source and are renegotiating to deal with changing conditions.
Let’s check out the charts.
In the daily Japanese candlestick chart of COUP, below, we can see that the shares reversed to the downside after breaking