Upland Software Inc. is a technology company that specializes in providing cloud-based software solutions designed to help organizations manage their business operations more effectively
The company focuses on delivering a suite of applications that enhance project and portfolio management, workflow automation, and team collaboration. By leveraging its innovative software, Upland enables businesses to streamline processes, improve productivity, and drive better outcomes, ultimately empowering teams to work smarter and more efficiently in a rapidly changing digital landscape.
Business automation software provider Upland Software (NASDAQUPLD) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 5.8% year on year to $68.03 million. On the other hand, next quarter’s revenue guidance of $62 million was less impressive, coming in 7.7% below analysts’ estimates. Its non-GAAP profit of $0.41 per share was significantly above analysts’ consensus estimates.
From commerce to culture, software is digitizing every aspect of our lives. The undeniable tailwinds fueling the industry have also led to strong returns for SaaS stocks lately
as they’ve gained 7% over the past six months, outpacing the S&P 500’s 1% rise.
What a time it’s been for Upland. In the past six months alone, the company’s stock price has increased by a massive 53.1%, reaching $3.23 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the sales and marketing software stocks, including Upland (NASDAQUPLD) and its peers.
Shares of business automation software provider Upland Software (NASDAQUPLD)
jumped 24.9% in the morning session after the company reported strong third quarter earnings. Upland beat analysts' EBITDA expectations. While sales were in line during the quarter, next quarter's revenue guidance implied a more modest decline and came in higher than Wall Street's estimates. The company is also demonstrating strengths on the AI front, following the announcement of the Upland BA Insight for Microsoft Azure AI Search to help customers efficiently sort through their data. It is still too early to tell how UPLD's AI bets will play out, but the updates suggest the company is headed in the right direction. Overall, this quarter was solid, and the market is focused on positive aspects such as guidance.
Business automation software provider Upland Software (NASDAQUPLD) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 10% year on year to $66.69 million. The company expects next quarter’s revenue to be around $68.9 million, coming in 1.8% above analysts’ estimates. Its non-GAAP profit of $0.42 per share was 150% above analysts’ consensus estimates.
Business automation software provider Upland Software (NASDAQUPLD)
will be reporting earnings tomorrow after market hours. Here’s what investors should know.
