Upland Software reports Q2 EPS 15c, consensus 18c

Reports Q2 revenue $53.38M, consensus $53.22M. “With our Q2 results, we are pleased to report a return to positive core organic growth, a 500 basis point year-over-year increase in Adjusted EBITDA margin -from 20% to 25% -and continued strong momentum in AI product wins,” said Jack McDonald, Upland’s chairman and CEO. “We are also excited to report that, following quarter end, we completed a successful refinancing that extends our debt maturity to July 2031. As part of the transaction, we paid down $18 million in principal and established a new revolving credit facility, further strengthening our balance sheet, enhancing liquidity, and supporting our growth strategy.”