Welcome to our dedicated page for Upland Software news (Ticker: UPLD), a resource for investors and traders seeking the latest updates and insights on Upland Software stock.
Upland Software reports developments for a Nasdaq-listed enterprise software company focused on AI-powered knowledge and content management applications. Its updates center on quarterly financial results, subscription and support revenue, Adjusted EBITDA, cash flow, and the revenue effects of completed divestitures.
Company news also covers product activity across Upland's portfolio, including knowledge management, AI enablement, audience engagement, workflow automation, and cloud fax offerings such as Second Street, Panviva, RightAnswers, BA Insight, and InterFAX. Governance-related announcements include chief executive succession and equity compensation matters tied to executive leadership.
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Upland Software (Nasdaq: UPLD) has announced plans to release its financial results for the first quarter ended March 31, 2023 on May 4, 2023, after market close. A conference call will be held at 4:00 PM CT to discuss these results, accessible via a webcast or by phone. Interested parties can join the call using conference ID 6485253. Following the call, a recording of the webcast will be available on the company’s investor relations site. Upland Software supports global businesses in their digital transformation efforts with a comprehensive cloud software library, catering to approximately 1,800 enterprise customers.
Upland Software (Nasdaq: UPLD) announced Q4 2022 results, reporting total revenue of $78.8 million, up 4% year-over-year, with a 3% negative impact from foreign exchange rates. Subscription and support revenue increased to $74.1 million, a 3% rise, also affected by FX. However, the company experienced a significant GAAP net loss of $22.7 million, compared to $7.5 million in Q4 2021, largely due to a $12.5 million goodwill impairment charge. Upland launched a comprehensive growth plan and expects Q1 2023 revenue to decline by 5%.
Upland Software has been named a gold medalist in the 2022 Enterprise Content Management Data Quadrant report by SoftwareReviews for its FileBound product, which focuses on document management and workflow automation. Users reported a 98% renewal intention, an increase of 4% from last year. FileBound achieved an 8.8/10 satisfaction score, with 94% of users likely to recommend it. The report highlighted FileBound's strengths in ease of administration and vendor support, with an 89% score in administrative satisfaction. The recognition underscores Upland's commitment to facilitating digital transformation and supporting remote-hybrid work environments.
Upland Software (Nasdaq: UPLD) has announced it will release its financial results for Q4 2022 and the full year on February 23, 2023, after market close. A conference call to discuss the results will occur at 4:00 PM CT / 5:00 PM ET. Investors can access the call via a webcast on investor.uplandsoftware.com or by dialing the provided numbers. Upland Software aims to help businesses enhance digital transformation through its cloud software solutions, serving over 1,800 enterprise customers globally.
Upland Software (Nasdaq: UPLD) reported Q3 2022 revenue of $79.5 million, up 5% year-over-year, despite a 3% negative impact from foreign exchange rates. Subscription revenue increased to $75.1 million, also affected by FX. The GAAP net loss improved to $6.5 million, with net loss per share at $0.22. Adjusted EBITDA was $24.9 million, or 31% of total revenue. Upland expects Q4 revenue between $74.1 and $80.1 million, with a full-year revenue forecast of $312.6 to $318.6 million. The company secured a $115 million strategic equity investment from HGGC to support growth initiatives.