Upsales Technology AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 02:30 am EDT
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Upsales Technology AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 37.84 million compared to SEK 33.79 million a year ago. Revenue was SEK 37.86 million compared to SEK 36.15 million a year ago. Net income was SEK 7.97 million compared to SEK 8.96 million a year ago. Basic earnings per share from continuing operations was SEK 0.47 compared to SEK 0.53 a year ago. Diluted earnings per share from continuing operations was SEK 0.47 compared to SEK 0.53 a year ago.
For the nine months, sales was SEK 114.18 million compared to SEK 99.27 million a year ago. Revenue was SEK 114.69 million compared to SEK 102.33 million a year ago. Net income was SEK 21.79 million compared to SEK 16.61 million a year ago. Basic earnings per share from continuing operations was SEK 1.29 compared to SEK 0.99 a year ago. Diluted earnings per share from continuing operations was SEK 1.29 compared to SEK 0.98 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.