Upland Software, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 02, 2024 at 04:10 pm EDT
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Upland Software, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 70.74 million compared to USD 77.06 million a year ago. Net loss was USD 96.13 million compared to USD 140.05 million a year ago.
Basic loss per share from continuing operations was USD 3.37 compared to USD 4.38 a year ago.
Upland Software, Inc. provides cloud-based software applications. The Company's applications enable its customers to drive digital transformation in various business functions, including marketing, sales, contact center, knowledge management, project management, information technology, business operations, and human resources and legal. Its applications interact with consumers across multiple channels to acquire new customers, drive product and service utilization, and resolve issues. It offers applications that help organizations optimize their sales opportunities and account management processes, coordinate proposal and reference activities, collaborate on the creation and publication of digital content and gain increased control over key sales and marketing workflows, activities and budgets. It offers applications that improve customer experience and reduce call volume and cycle times through customer self-service products and voice of the customer (VoC) technology.