Upland Software, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:22 pm EDT
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Upland Software, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 74.5 million compared to USD 80.23 million a year ago. Net loss was USD 15.15 million compared to USD 16.39 million a year ago. Basic loss per share from continuing operations was USD 0.51 compared to USD 0.52 a year ago. Diluted loss per share from continuing operations was USD 0.51 compared to USD 0.52 a year ago.
For the six months, revenue was USD 151.55 million compared to USD 158.94 million a year ago. Net loss was USD 155.19 million compared to USD 39.22 million a year ago. Basic loss per share from continuing operations was USD 4.88 compared to USD 1.25 a year ago. Diluted loss per share from continuing operations was USD 4.88 compared to USD 1.25 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.
UPLAND SOFTWARE, INC. 
