Brief: Upland Software Reports Q2 2020 Financial Results

Upland Software

06/08/2020 21:38

Aug 6 (Reuters) - Upland Software Inc  UPLD.O :
    * UPLAND SOFTWARE REPORTS SECOND QUARTER 2020 FINANCIAL
RESULTS
    * Q2 GAAP LOSS PER SHARE $0.57
    * SEES FY 2020 REVENUE $273.3 MILLION TO $281.3 MILLION
    * Q2 REVENUE $71.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$64.5
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $0.44 -- REFINITIV IBES
DATA
    * CASH ON HAND AS OF END OF Q2 WAS $87.9 MILLION.
    * QTRLY SUBSCRIPTION AND SUPPORT REVENUE WAS $67.7 MILLION,
AN
INCREASE OF 39% FROM $48.7 MILLION IN Q2 OF 2019
    * FOR QUARTER ENDING SEPTEMBER 30, 2020, UPLAND EXPECTS
REPORTED
TOTAL REVENUE TO BE BETWEEN $68.0 AND $72.0 MILLION
    * Q3 2020 ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN $22.3
AND
$24.3 MILLION
    * FULL YEAR 2020 ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN
$92.2
AND $96.2 MILLION
    * Q3 REVENUE VIEW $65.2 MILLION -- REFINITIV IBES DATA
    * FY2020 REVENUE VIEW $264.2 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw1WbZ0ta 
Further company coverage:  UPLD.O 

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