Upsales Technology AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 12:00 pm IST
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Upsales Technology AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 38.53 million compared to SEK 34.02 million a year ago. Revenue was SEK 38.96 million compared to SEK 34.48 million a year ago. Net income was SEK 7.91 million compared to SEK 4.58 million a year ago. Basic earnings per share from continuing operations was SEK 0.47 compared to SEK 0.27 a year ago. Diluted earnings per share from continuing operations was SEK 0.47 compared to SEK 0.27 a year ago.
For the six months, sales was SEK 76.35 million compared to SEK 65.48 million a year ago. Revenue was SEK 76.83 million compared to SEK 66.17 million a year ago. Net income was SEK 13.81 million compared to SEK 7.65 million a year ago. Basic earnings per share from continuing operations was SEK 0.82 compared to SEK 0.46 a year ago. Diluted earnings per share from continuing operations was SEK 0.81 compared to SEK 0.46 a year ago.
Upsales Technology AB is a Sweden-based software company. It develops, markets and sells a cloud-based software, SaaS (software as a service), for CRM (customer relationship management), marketing automation and analysis. The Companyâs analysis tool helps the customers to gain better insight into the deal and can derive income from specific market initiatives. The Company is focused on B2B (business to business) companies, primarily SMEs (small and medium enterprises) active in the IT (information technology) and software, media and financial services industries, among others.