Upland Software (UPLD) Tops Q2 Views, Raises Outlook

Upland Software (NASDAQ: UPLD) reported Q2 EPS of $0.60, 16 cents better than the analyst estimate of $0.44. Revenue for the quarter came in at $71.3 million versus the consensus estimate of $64.48 million.

“Q2 was an outstanding quarter, with significant growth and outperformance on revenue and Adjusted EBITDA,” said Jack McDonald, Upland’s chairman and chief executive officer. “We saw a meaningful bump in usage of the Upland Cloud in the second quarter, with particular strength in CXM across verticals ranging from election-year political campaigns and public advocacy to media and retail,” he added. “As our raised guidance reflects, we see signs of this strength continuing in the second half of the year, while maintaining a conservative stance in our outlook.”

GUIDANCE:

Upland Software sees Q3 2020 revenue of $68-72 million, versus the consensus of $65.2 million.

Upland Software sees FY2020 revenue of $273.3-281.3 million, versus the consensus of $264.2 million.

For earnings history and earnings-related data on Upland Software (UPLD) click here.

You May Also Be Interested In

• Procter & Gamble (PG) revenue falls short of expectations, raises full-year earnings guidance
• PPG Industries (PPG) Reports In-Line Q1 EPS, offers outlook
• Super Micro Computer (SMCI) Falls 6%