Upland Software (UPLD) Misses Q1 EPS by 10c

Upland Software (NASDAQ: UPLD) reported Q1 EPS of ($0.33), $0.10 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $20.75 million versus the consensus estimate of $20.55 million.

GUIDANCE:

Upland Software sees Q2 2017 revenue of $21.3-22.3 million, versus the consensus of $21.6 million.

"For the quarter ending June 30, 2017, Upland expects reported total revenue to be in the range of $21.3 to $22.3 million including subscription and support revenue in the range of $18.7 to $19.5 million, for growth in recurring revenue of 18% at the mid-point over the quarter ended June 30, 2016. Adjusted EBITDA is expected to be in the range of $6.2 to $6.8 million, for an Adjusted EBITDA margin of 30% at the mid-point, representing growth of 134% at the mid-point over the quarter-ended June 30, 2016.

Upland also affirms its guidance for the full year ending December 31, 2017, provided on April 24 following the announcement of the RightAnswers acquisition, and expects reported total revenue to be in the range of $87.0 to $91.0 million including subscription and support revenue in the range of $76.0 to $79.0 million, for growth in recurring revenue of 18% at the mid-point over the year ended December 31, 2016. Adjusted EBITDA is expected to be in the range of $26.0 to $29.0 million, for an Adjusted EBITDA margin of 31% at the mid-point, representing growth of 118% at the mid-point over the year-ended December 31, 2016."

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

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