if we pull out the $13m in LLamasoft revenue that is included in the Q4’21 guidance
Why would we pull out the revenue? Acquisitions are core to the strategy of Coupa. They continue to add a companies ‘spend’. It has added customers/capabilities. They allocated capital for the company and are integrating it. The expense comes with it. The revenue/customers come with it too.
Now, if you don’t agree with that strategy, that might be a reason to sell the stock. But it wouldn’t surprise me if they bought another company in the next ~90 days. It’s what they do.