Upland Software, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2024 and Year Ending December 31, 2024
May 02, 2024 at 04:01 pm EDT
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Upland Software, Inc. provided earnings guidance for the second quarter ending June 30, 2024 and the year ending December 31, 2024. For the quarter ending June 30, 2024, the company expects reported total revenue to be between $64.4 million and $70.4 million, including subscription and support revenue between $61.5 million and $66.5 million, for a decline in total revenue of 10% at the mid-point from the quarter-ended June 30, 2023.
For the full year ending December 31, 2024, the company expects reported total revenue to be between $264.7 million and $282.7 million, including subscription and support revenue between $251.6 million and $266.6 million, for a decline in total revenue of 8% at the mid-point from the year ended December 31, 2023.
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. 
