Upland Software, Inc. - UPLD STOCK NEWS

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.

Upland Software, Inc. (NASDAQ: UPLD) is set to announce its financial results for Q4 and the full year of 2021 on February 24, 2022, after market close. A conference call will follow at 4:00 p.m. CT, available for access through a webcast or by dialing specific phone numbers. Upland Software aims to assist businesses in their digital transformation through a robust cloud software library, supporting over 1,700 enterprise customers. For more details, visit their investor relations page.

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.