Upland Software (UPLD) Tops Q1 EPS by 20c, Revenues Beat; Offers 2Q & FY21 Revenue Outlook

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Upland Software Reports First Quarter 2021 Financial Results

May 5, 2021 4:01 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based tools for digital transformation, today announced financial and operating results for the first quarter of 2021 and issued guidance for its second quarter and full year of 2021.

First Quarter 2021 Financial Highlights

Total revenue was $74.0 million, an increase of 9% from $68.0 million in the first quarter of 2020. Subscription and support revenue was $70.7 million, an increase of 11% from $63.9 million in the first quarter of 2020. GAAP net loss was $20.7 million, or a... More