AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Upland Software Inc. (UPLD) on Thursday reported a loss of $96.1 million in its first quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of $3.37. Earnings, adjusted for one-time gains and costs, were 19 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The maker of cloud-based enterprise work-management software posted revenue of $70.7 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $68.3 million.
For the current quarter ending in June, Upland Software said it expects revenue in the range of $64.4 million to $70.4 million.
The company expects full-year revenue in the range of $264.7 million to $282.7 million.
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