Upland Software Stock Price, News & Analysis

Upland Software (NASDAQ: UPLD) has acquired Objectif Lune Inc., enhancing its document workflow solutions. This $29 million cash acquisition aims to modernize paper-based document production while facilitating digital transformation. Upland anticipates that Objectif Lune will contribute at least $13 million in annual revenue, predominantly from recurring sources. The deal is expected to be accretive to Upland's Adjusted EBITDA, generating at least $0.3 million in Q1 2022 and $2.6 million for the full year. Upland strengthens its commitment to improving productivity for diverse industries.

Upland Software has launched Cimpl Cloud, a new solution designed to help organizations manage and optimize their cloud costs. As many companies exceed their cloud budgets, Cimpl Cloud offers complete visibility into cloud spend and resources across various platforms, including AWS and Microsoft Azure. Key features include optimization of cloud costs, enhanced security checks, compliance reporting, and cost allocation.

With Cimpl Cloud, Upland aims to streamline cloud management for businesses facing the complexities of growing cloud infrastructures.

Upland Software (Nasdaq: UPLD) unveiled its most comprehensive FileBound product release, enhancing operational speed and efficiency for digital transformation. Key updates include enhanced forms functionality, upgraded workflow capabilities, a more intuitive user interface, and administrative updates that boost user experience. These features cater to a remote-hybrid business model, facilitating faster document management processes. This release aims to address the bottlenecks of traditional paper-based operations, positioning Upland as a crucial player in enabling a digitally equipped workforce.

Upland Software has announced the Winter 2021 Release of its Qvidian product, introducing new self-service features, enhanced whitelisting, and time tracking capabilities aimed at improving proposal creation efficiencies.

Key features include:

• Upland Assist: A centralized support tool for users.
• Email Domain Whitelisting: Administrators can restrict email communication to specified domains.
• Bulk Format Sections: Streamlined formatting for Word documents.
• Time Tracking: Insights into project-related time usage.

The features launch on November 13.

Upland Software (Nasdaq: UPLD) reported Q3 2021 financial results with total revenue of $76.1 million, a 3% increase year-over-year. Subscription revenue rose by 2% to $72.3 million. The GAAP net loss was $11.0 million or $0.36 per share, an improvement from Q3 2020. Adjusted EBITDA held steady at $25.0 million, accounting for 33% of total revenue. However, Upland revised its Q4 2021 guidance, anticipating total revenue between $73.2 million and $77.2 million, reflecting a potential 4% decline in recurring revenue.

Upland Software (NASDAQ: UPLD) has launched the Altify Sales Reference Manager, a new application designed for B2B sellers using the Salesforce platform. This tool aims to enhance deal velocity by providing tailored reference account suggestions directly within Salesforce, thus streamlining the sales process. It allows sales teams to swiftly connect with relevant contacts for peer-to-peer reference calls, improving overall win rates. The product addition reinforces Upland's commitment to empowering global businesses through digital transformation.

Upland Software (NASDAQ: UPLD) will release its third-quarter financial results on November 3, 2021, after market close. An investor conference call is scheduled for 4:00 p.m. Central Time, accessible via webcast or by phone. Upland specializes in digital transformation through its cloud software solutions, catering to over 1,700 enterprise customers. A recording of the call will be available afterward on the company’s investor relations website.

Upland Software reported Q2 2021 financial results with total revenue of $76.3 million, up 7% year-over-year. Subscription revenue also rose 7% to $72.4 million. However, the GAAP net loss increased to $19.0 million or $0.63 per share, compared to a loss of $14.2 million a year prior. Adjusted EBITDA was $23.7 million, at 31% of revenue. The company expects Q3 revenue between $75.4 and $79.4 million and full-year revenue between $300.8 and $312.8 million, projecting 5% growth. Upland also completed the acquisition of Panviva.

Upland Software (Nasdaq: UPLD) will release its second quarter financial results on August 4, 2021, after market close. An investor conference call is scheduled for 4:00 p.m. Central Time the same day. Investors can access the call via a webcast on their investor relations site or by dialing provided phone numbers. Upland Software offers a diverse cloud software library aimed at accelerating digital transformation, catering to over 1,700 enterprise customers.