Upland Software, Inc. - UPLD STOCK NEWS

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.

Upland Software (Nasdaq: UPLD) has been recognized in the 2022 Gartner Market Guide for Customer Service Knowledge Management Systems for its products, Panviva and RightAnswers. The company emphasizes its decade-long commitment to knowledge management, leveraging AI and machine learning to deliver actionable insights. Keith Berg, SVP at Upland, stated that their solutions enable businesses to simplify processes and enhance customer interactions. Upland was also mentioned as a Sample Vendor in the Gartner Hype Cycle for Customer Service and Support Technologies, underscoring the growing importance of knowledge management.

Upland Software, Inc. (Nasdaq: UPLD) will release its third-quarter financial results on November 3, 2022, after market close. A conference call is scheduled for 4:00 p.m. CT / 5:00 p.m. ET to discuss the results. Investors can access the call via a webcast or by dialing the provided numbers. Upland provides cloud software solutions to help businesses accelerate digital transformation, serving over 1,800 enterprise customers.

Upland Software, Inc. (NASDAQ: UPLD) has launched RightAnswers X, a browser extension that enhances the RightAnswers knowledge management system. This tool provides an AI-powered centralized search function, allowing seamless knowledge sharing across the enterprise. Key features include simplified setup, in-app knowledge capture, and expanded integration capabilities for various operational teams. RightAnswers X is now available for existing customers, aimed at improving efficiency and fostering a corporate knowledge culture.

Upland Software (NASDAQ: UPLD) is expanding its SMS marketing services into the UK with its platform, Waterfall. This product allows brands to automate two-way SMS conversations, enhancing customer engagement through promotions, surveys, and QR code offers. Upland aims to leverage the resurgence of SMS among UK consumers, as revealed by Ian Burk, the Chief Business Officer. Waterfall will debut at the Technology for Marketing event in London on September 28-29, showcasing Upland's MarTech offerings alongside a presentation on SMS marketing.