Upland Software (UPLD) Tops Q2 EPS by 34c, Beats on Revenue; Offers FY24 Revenue Guidance

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Go back to Upland Software (UPLD) Tops Q2 EPS by 34c, Beats on Revenue; Offers FY24 Revenue Guidance

Upland Software Reports Second Quarter 2024 Financial Results

August 1, 2024 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 second quarter 2024 and issued guidance for its third quarter and full year of 2024.

Second Quarter 2024 Financial Highlights

Total revenue was $69.3 million, a decrease of 7% from $74.5 million in the second quarter of 2023. Subscription and support revenue was $65.5 million, a decrease of 7% from $70.5 million in the second quarter of 2023. GAAP net loss was $11.4 million compared to a GAAP net loss of $15.1... More