Upland Software’s (UPLD) CEO John McDonald on Q3 2016 Results – Earnings Call Transcript

Upland Software (NASDAQ:UPLD)

Q3 2016 Earnings Conference Call

November 10, 2016 17:00 ET


John McDonald – Chairman & CEO

Timothy Mattox – President & COO

Michael Hill – CFO


Bhavan Suri – William Blair

Terry Tillman – Raymond James

Richard Davis – Canaccord Genuity

Richard Baldry – ROTH Capital

Spencer Bogart – Needham


Ladies and gentlemen, thank you for standing by. Welcome to the Upland Software Third Quarter 2016 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Instructions will be given at that time. The conference call will be simultaneously webcast on Upland’s Investor Relations website, which can be accessed at investor.uplandsoftware.com.

As a reminder, this conference call is being recorded. Following the completion of the conference call, a telephone replay and webcast replay will be available on Upland’s Investor Relations website at investor.uplandsoftware.com.

By now everyone should have accessed to the third quarter 2016 earnings release, which was distributed today at approximately 4:00 PM Eastern Time. If you have not received the release, it is available on the Investor Relations tab of Upland’s website at investor.uplandsoftware.com.

I’d now like to turn the call over to our host, Mr. Jack McDonald, Chairman and CEO of Upland Software. Please go ahead, sir.

John McDonald

Thank you, and good afternoon, everyone. Welcome to our Q3 Earnings Call. I’ve got Tim Mattox, our President and COO; and Mike Hill, our CFO here with me.

On today’s call, I’m going to summarize our results and some recent highlights. Following that Mike Hill is going to provide a more detailed look at the Q3 numbers and share with you our guidance for the Q4 and for the full year 2016. And then finally Tim will cover sales and operations highlights from the third quarter. We will then open it up for Q&A.

But before we get started, let me ask Mike to read the Safe Harbor statement.

Michael Hill

Thank you, Jack, and good afternoon, everyone. The press release announcing our quarterly results and our business outlook, as well as a reconciliation of management’s use of non-GAAP financial measures as compared to the most comparable GAAP measures is available on the Investor Relations section of our website at investor.uplandsoftware.com.

During today’s call we may include statements that are considered forward-looking within the meanings of the securities laws. In addition, we may make additional forward-looking statements in response to your questions. These statements are subject to certain risks, assumptions and uncertainties that could cause our actual results to differ materially. We caution you to consider risk factors and other uncertainties that could cause actual results to differ materially from those in the forward-looking statements contained in the press release and in this conference call. A detailed discussion of such risks and uncertainties are contained in our Annual Report on Form 10-K filed with the SEC.

The forward-looking statements made today are based on our views and assumptions and on information currently available to Upland management as of today November 10, 2016. We do not intend to undertake any duty to release publicly any updates or revisions to any forward-looking statements, whether as a result of new information, future events or otherwise. On this call, Upland will refer to non-GAAP measures that when used in combination with GAAP results provide Upland management with additional analytical tools to understand its operations. Upland has provided reconciliations of non-GAAP to the most comparable GAAP measures in our press release announcing our second quarter 2016 results. To learn more about our outreach plans, please feel free to contact us at [email protected]

[Source:-Seeking Alpha]