Upland Software: 4Q Earnings Snapshot

AUSTIN, Texas (AP) _ Upland Software Inc. (UPLD) on Wednesday reported a loss of $5.7 million in its fourth quarter.

On a per-share basis, the Austin, Texas-based company said it had a loss of 19 cents. Earnings, adjusted for one-time gains and costs, were 61 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The maker of cloud-based enterprise work-management software posted revenue of $78.2 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $72.2 million.

For the year, the company reported that its loss widened to $51.2 million, or $1.92 per share. Revenue was reported as $291.8 million.

For the current quarter ending in April, Upland Software said it expects revenue in the range of $70.6 million to $74.6 million.

The company expects full-year revenue in the range of $288.6 million to $300.6 million.

Upland Software shares have risen slightly more than 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.29, a rise of 19% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPLD at https://www.zacks.com/ap/UPLD