UPLAND SOFTWARE, INC. (NASDAQ:UPLD) Files An 8-K Regulation FD Disclosure
Item 7.01 Financial Disclosures.
revenue and Adjusted EBITDA for the quarter ended December 31,
2016 to be at the upper end of previously-announced guidance
expects reported total revenue to be in the range of $20.0
million to $20.8 million including recurring revenue in the range
of $17.5 million to $18.1 million, for growth in recurring
revenue of 17% at the mid-point over the quarter ended March 31,
2016. Adjusted EBITDA is expected to be in the range of $5.0
million to $5.5 million, for an Adjusted EBITDA margin of 26% at
the mid-point, representing growth of 162% at the mid-point over
the quarter ended March 31, 2016.
target from 30% to 35%.
customer relationships allowing us to affirm our healthy Q4
outlook and to provide record Q1 guidance that reflects both the
Omtool acquisition and the continued growth in our core business,
said Jack McDonald, Chairman and CEO of Upland Software. Finally,
we are raising our long term Adjusted EBITDA margin target to 35%
to reflect the increased customer loyalty and operating
efficiency we are seeing as we scale.
closing of the acquisition of Omtool, Ltd. by way of merger. The
full text of the press release is attached hereto as Exhibit 99.1
and is incorporated herein by reference.
Press release issued by Upland Software, Inc., dated
January 11, 2017.
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific
reference in such a filing.
About UPLAND SOFTWARE, INC. (NASDAQ:UPLD)
Upland Software Inc. is a provider of cloud-based enterprise work management software. The Company provides a family of cloud-based enterprise work management software applications for the information technology, process excellence, finance, professional services and marketing functions within organizations. Its software applications serve a range of enterprise work management needs, from strategic planning to task execution. It services customers ranging from corporations and Government agencies to small- and medium-sized businesses. Its customers operate in a range of industries, including financial services, retail, technology, manufacturing, education, consumer goods, media, and telecommunications, Government, food and beverage, healthcare and life sciences, chemicals and travel and hospitality. The Company provides a family of cloud-based enterprise work management software applications under the Upland brand. UPLAND SOFTWARE, INC. (NASDAQ:UPLD) Recent Trading Information
UPLAND SOFTWARE, INC. (NASDAQ:UPLD) closed its last trading session up +0.23 at 9.53 with 24,166 shares trading hands.