Upland Software (UPLD) Misses Q2 EPS by 3c

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Upland Software Reports Second Quarter 2016 Financial Results

August 11, 2016 4:17 PM EDT

AUSTIN, Texas, Aug. 11, 2016 /PRNewswire/ -- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based Enterprise Work Management software, today reported its financial results for the second quarter ended June 30, 2016, and provided guidance for its third quarter of 2016.

Second Quarter 2016 Financial Highlights

Total revenue was $18.6 million, compared to $17.7 million in the second quarter of 2015, or year-over-year growth of 5%. Subscription and support revenue was $16.2 million, an increase of 16% from subscription and support revenue of $14.0 million in the second quarter of 2015. GAAP net loss... More