Upland Software: Another day, another deal

Upland Software

07/10/2019 18:17

** Software co's shares  UPLD.O  up 2.5% at $38.60
    ** Co raises FY revenue, adj. EBITDA forecast after deal to
buy Altify for $84 mln cash; Altify provides customer revenue
optimization services
    ** UPLD now sees FY rev between $217.3 mln and $221.3 mln vs
earlier forecast of between $213.8 mln and $217.8 mln
    ** Since its Q2 results on Aug. 7, UPLD has now announced
three deals and raised forecast as many times; Last week, UPLD
bought InGenius and late last month acquired Cimpl  urn:newsml:reuters.com:*:nL3N26M3AT
 urn:newsml:reuters.com:*:nBw7NLkhwa
    ** UPLD also raised adj EBITDA forecast for FY to between
$80.5 mln and $82.5 mln from between $78.8 mln and $80.8 mln
forecast after InGenius deal
    ** So far this year, UPLD has gained ~42%, outperforming the
Nasdaq Composite Index's  .IXIC  20.4% gain 

 (Reporting by Shariq Khan in Bengaluru)
 ((Shariq.Khan@thomsonreuters.com; Twitter: @s_qakhan https://twitter.com/s_qakhan))