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Upland (NASDAQ:UPLD) Posts Better-Than-Expected Sales In Q1 But Quarterly Guidance Underwhelms

Business automation software provider Upland Software (NASDAQ: UPLD) reported Q1 CY2024 results beating Wall Street analysts' expectations, with revenue down 8.2% year on year to $70.74 million. On the other hand, the company expects next quarter's revenue to be around $67.4 million, slightly below analysts' estimates. It made a non-GAAP profit of $0.19 per share, down from its profit of $0.28 per share in the same quarter last year.

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