Upland Software (UPLD) Misses Q1 EPS by 15c, Offers Q2 & FY Outlook

Upland Software (NASDAQ: UPLD) reported Q1 EPS of ($0.25), $0.15 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $17.5 million versus the consensus estimate of $17.38 million.

Upland Software sees Q2 2015 revenue of $17.9-18.7 million, versus the consensus of $17.61 million.

Adjusted EBITDA is expected to be in the range of breakeven to $600 thousand, or Adjusted EBITDA margin of 2% of total revenue at the mid-point for the same period.

Upland Software sees FY2015 revenue of $70.7-74.7 million, versus the consensus of $71.12 million.

Adjusted EBITDA is expected to be in the range of $2.3 million to $4.3 million, or Adjusted EBITDA margin of 5% of total revenue at the mid-point for the same period. Upland expects to achieve an 8% to 12% quarterly Adjusted EBITDA margin by the fourth quarter of 2015, or 10% at the mid-point.

For earnings history and earnings-related data on Upland Software (UPLD) click here.

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