Upland Software (UPLD) Misses Q1 EPS by 14c, Offers Q2 & FY Guidance

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Upland Software Reports First Quarter 2016 Financial Results

May 12, 2016 4:20 PM EDT

AUSTIN, Texas, May 12, 2016 /PRNewswire/ -- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based Enterprise Work Management software, today reported its financial results for the first quarter ended March 31, 2016, and provided guidance for its second quarter of 2016.

First Quarter 2016 Financial Highlights

Total revenue was $17.6 million, compared to $17.5 million in the first quarter of 2015. On a constant currency basis, year-over-year growth in total revenue was 3%. Subscription and support revenue was $15.2 million, an increase of 6% from subscription and support revenue of $14.3 million in the first... More