Needham & Company Raises Price Target on Upland Software (UPLD) Following 3Q Report
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Upland Software Reports Third Quarter 2016 Financial Results
November 10, 2016 4:05 PM ESTAUSTIN, Texas, Nov. 10, 2016 /PRNewswire/ -- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based Enterprise Work Management software, today reported its financial results for the third quarter ended September 30, 2016, and provided guidance for its fourth quarter of 2016.
Third Quarter 2016 Financial Highlights
Total revenue was $19.2 million, compared to $17.1 million in the third quarter of 2015, or year-over-year growth of 12%. Subscription and support revenue was $17.0 million, compared to $14.1 million in the third quarter of 2015, or year-over-year growth of 21%. Net loss was $2.4 million, compared to... More