Upland Software Stock Price, News & Analysis

Upland Software's RightAnswers has been named to the 2024 KMWorld AI 100 list for the second consecutive year, recognizing top knowledge management companies leveraging AI. This achievement underscores Upland's extensive efforts in AI integration across its product portfolio and internal initiatives. RightAnswers streamlines information management by utilizing AI search and content generation, integrating knowledge sources, and empowering self-service initiatives.

Upland is expanding AI functionality throughout its products and partnering with industry leaders like Salesforce, Microsoft, and IBM. The company's AI Council ensures a responsible approach to AI implementation, balancing innovation with security and compliance standards. This recognition from KMWorld validates Upland's commitment to delivering innovative AI solutions in the evolving digital transformation landscape.

Upland Software (Nasdaq: UPLD) has announced the availability of Upland BA Insight for Microsoft Azure AI Search in the Microsoft Azure Marketplace. This integration allows customers to leverage Azure's cloud platform for streamlined deployment and management. BA Insight combines the user experience platform, SmartHub, with over 90 Connectors, enabling secure data integration into Azure AI Search and delivering intelligent content search experiences.

The solution utilizes advanced techniques like vectorization and leverages Microsoft Azure OpenAI capabilities, AI Services, AI Document Intelligence, and Azure Machine Learning to provide efficient solutions to business challenges. BA Insight is positioned as a mature AI enterprise search solution, integrating with diverse repositories and knowledge systems to consolidate scattered data sources and ensure controlled data input into generative AI engines.

Upland Software (Nasdaq: UPLD) reported its Q2 2024 financial results, showing a 7% decrease in total revenue to $69.3 million. Key highlights include:

- Subscription and support revenue: $65.5 million (-7% YoY)
- GAAP net loss: $11.4 million (improved from $15.1 million in Q2 2023)
- Adjusted EBITDA: $13.6 million (20% of total revenue)
- Free cash flow: $5.2 million
- Cash on hand: $232.4 million

Despite revenue decline, Upland reported positive Core Bookings exceeding Core Churn for the second consecutive quarter. The company expanded relationships with 275 existing customers and welcomed 155 new customers. Upland's AI-powered products gained industry recognition, earning 56 badges in G2's Summer 2024 market reports.

Upland Software (Nasdaq: UPLD) has announced the release date for its second quarter 2024 financial results. The company will disclose its financial performance on Thursday, August 1, 2024, after the market closes. Following the release, Upland Software will host a conference call and webcast at 4:00 p.m. Central Time / 5:00 p.m. Eastern Time to discuss the results.

Investors and interested parties can access the webcast through the company's investor relations website or join via phone using the provided toll-free and international numbers. The conference ID for the call is 8422976. After the event, a recording of the webcast will be made available on Upland Software's investor relations website for those unable to attend the live session.

Upland Software earned 56 badges in G2's Summer 2024 market reports, an improvement from 44 in Spring 2024. Key recognitions include Upland RightAnswers, Panviva, Qvidian, InGenius, and InterFAX. These badges highlight AI-enabled solutions for knowledge management, proposal management, and customer service. Upland attributes its success to prioritizing customer needs and continuous innovation in AI while maintaining security standards. A recent review praised Qvidian for its functionality over competitors. G2 rankings are based on authentic user reviews, helping potential buyers make informed decisions.

RamSoft and Upland Software celebrate the milestone transmission of the 40 millionth fax through the integration of RamSoft PowerServer and Upland InterFAX. This partnership has enhanced radiological workflows by providing a secure, streamlined solution for medical-related fax communications, compliant with PHIPA and HIPAA standards. This milestone is a testament to the value and reliability of these integrated tools, benefiting millions of patients by minimizing errors and automating manual tasks. Future enhancements include the integration of InterFAX into RamSoft's OmegaAI platform and Fax-to-Order automation.

Upland Software has announced the launch of Qvidian AI Assist, a generative AI tool aimed at enhancing the response and proposal process. This tool, integrated into their Qvidian platform, assists in generating relevant content, revising answers, and ensuring compliance. Key features include AI-enhanced AutoFill results, content revision capabilities, automatic flagging of AI-generated content, and pre-made generative AI prompts. Qvidian AI Assist is part of Upland's broader initiative to implement generative AI across their product stack, emphasizing data security and compliance.

Upland Software, Inc. reported its first quarter 2024 financial results, showing a total revenue of $70.7 million, a decrease of 8% from the first quarter of 2023. The GAAP net loss was $96.1 million, with adjusted EBITDA at $13.1 million. The company saw significant growth in new major customers, expanding relationships with existing customers, and earning industry recognition for its products. Upland issued guidance for the second quarter and full year of 2024, with expected declines in total revenue and adjusted EBITDA compared to the previous years.