Brief: Upland Software Acquires Localytics, Raises Guidance

Upland Software

07/02/2020 14:17

Feb 7 (Reuters) - Upland Software Inc  UPLD.O :
    * UPLAND SOFTWARE ACQUIRES LOCALYTICS, RAISES GUIDANCE
    * SEES QUARTERLY REVENUE $62.8 MILLION TO $65.8 MILLION
    * SEES FY 2020 REVENUE $269.5 MILLION TO $281.5 MILLION
    * ACQUISITION ADDS ABOUT $20 MILLION IN ANNUALIZED REVENUES
AND
WILL BE IMMEDIATELY ACCRETIVE TO UPLAND'S ADJUSTED EBITDA PER
SHARE
    * RE-AFFIRMS REVENUE AND ADJUSTED EBITDA GUIDANCE FOR
QUARTER
ENDED DECEMBER 31, 2019
    * SAYS PURCHASE PRICE PAID FOR LOCALYTICS WAS $67.7 MILLION
IN
CASH AT CLOSING
    * RE-AFFIRMS ITS REVENUE AND ADJUSTED EBITDA GUIDANCE FOR
QUARTER
ENDED DECEMBER 31, 2019
    * FOR QUARTER ENDING MARCH 31, 2020, CO EXPECTS REPORTED
TOTAL
REVENUE TO BE IN RANGE OF $62.8 MILLION TO $65.8 MILLION
    * EXPECTS REPORTED TOTAL REVENUE TO BE BETWEEN $269.5 AND
$281.5
MILLION FOR 2020
    * ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN $99.2 AND $104.8
MILLION FOR 2020

Source text for Eikon:  ID:nBwbX7Wj2a 
Further company coverage:  UPLD.O 

 ((Reuters.Briefs@thomsonreuters.com;))