Upland Software Reports First Quarter 2020 Financial Results
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Upland Software (UPLD) Tops Q1 EPS by 22c, Revenues Beat; Offers 2Q & FY20 Revenue Guidance Below Consensus
May 7, 2020 4:04 PM EDTUpland Software (NASDAQ: UPLD) reported Q1 EPS of $0.72, $0.22 better than the analyst estimate of $0.50. Revenue for the quarter came in at $68 million versus the consensus estimate of $64.1 million.
First Quarter 2020 Financial Highlights
Total revenue was $68.0 million, an increase of 40% from $48.5 million in the first quarter of 2019.Subscription and support revenue was $63.9 million, an increase of 42% from $45.0 million in the first quarter of 2019.GAAP net loss was $20.1 million, or a loss of $0.81 cents per share, compared to a GAAP net loss of $7.8 million, or a loss of $0.38 cents per share,... More