Upland Software Stock Price, News & Analysis

Upland Software, Inc. (Nasdaq: UPLD) reported first quarter 2022 revenue of $78.7 million, a 6% increase from $74.0 million in Q1 2021. Subscription and support revenue also rose by 4% to $73.6 million. Despite this growth, Upland experienced a GAAP net loss of $22.8 million or $0.73 per share, compared to a loss of $20.7 million in the prior year. Adjusted EBITDA was $23.4 million, 30% of total revenue. The company anticipates Q2 2022 revenue between $77.5 million and $81.5 million, and full year revenue between $313 million and $329 million.

Upland Software, Inc. (Nasdaq: UPLD) will release its financial results for Q1 2022 on May 4, 2022, after market close. A conference call will take place at 4:00 p.m. CT, accessible via webcast or by telephone. Upland Software offers a cloud software library for digital transformation, catering to over 1,700 enterprise customers by addressing specific business challenges and providing essential workflows not covered by major cloud platforms.

Upland Software (NASDAQ: UPLD) announced the 2022 release of AccuRoute, enhancing digital productivity through expanded Electronic Medical Records (EMR) integrations and new Machine Learning capabilities. This release aims to streamline workflows in the healthcare sector by allowing users to fax directly from Epic and integrating with Canon devices. Key features include improved data collection, user-friendly document sets, and automation enhancements that refine document processing over time.

Upland Software (NASDAQ: UPLD) has launched the Spring ’22 Release of its content operations product, Kapost. This update aims to enhance enterprise B2B marketing organizations' management of content operations, leading to improved revenue-generating campaigns. Key features include customizable Content Stages, new permissions for Managed Access on Content, and an Idea Feedback Loop for collaboration. These innovations are designed to streamline processes and enhance content lifecycle management.

Upland Software (UPLD) has achieved a gold medal in the 2021 Enterprise Content Management Data Quadrant report from SoftwareReviews for its FileBound product. Survey results show a strong user satisfaction, with a composite score of 8.7/10 and a 94% recommendation likelihood. Users highlighted FileBound's usability, ease of administration, and vendor support. Additionally, 98% of surveyed users indicated their intention to renew their subscriptions. Upland emphasizes the importance of digital transformation in meeting the needs of a remote workforce.

Upland Software (Nasdaq: UPLD) has launched a new Center of Excellence (CoE) in Bengaluru, India, aimed at expanding its global R&D capabilities. This initiative is part of Upland's strategy to leverage India's engineering talent pool to enhance its customer-driven digital transformation solutions across a library of over 31 products. Upland plans to significantly increase its R&D workforce in India within the next 12 to 18 months, reinforcing its commitment to meet evolving customer needs and deliver long-term enterprise value.

Upland Software has been recognized in Forrester’s New Tech: Account-Based Sales Technologies report, highlighting its Altify software as a leading solution among 19 vendors. Upland is noted for its long-standing partnership with major enterprises like Salesforce and UnitedHealth Group, enhancing account-based selling capabilities. Forrester evaluated vendors based on maturity and scored them accordingly, with Upland classified as a late-stage provider.

Upland Software, Inc. (UPLD) announced its Q4 and full-year 2021 results, reporting total revenue of $75.7 million for Q4, down 3% YoY, and a full-year revenue of $302.0 million, up 4% YoY. The company also revealed a GAAP net loss of $7.5 million for Q4 and $58.2 million for the year. A significant highlight was the acquisition of BA Insight for $33.4 million, expected to generate at least $8.7 million in annual revenue. For Q1 2022, Upland anticipates revenues between $75.0 million and $79.0 million and a full-year revenue growth of 6% over 2021.