Upland Software (UPLD) Tops Q1 EPS by 22c, Revenues Beat; Offers 2Q & FY20 Revenue Guidance Below Consensus

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Go back to Upland Software (UPLD) Tops Q1 EPS by 22c, Revenues Beat; Offers 2Q & FY20 Revenue Guidance Below Consensus

Upland Software Reports First Quarter 2020 Financial Results

May 7, 2020 4:02 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based enterprise work management software, today announced financial and operating results for the first quarter of 2020 and provided guidance for its second quarter and full year of 2020.

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... More