Q1 2023 Upland Software Inc Earnings Call

I guess, that's what I was saying is just more so.

If we're talking $3 five give or take.

I'm not going to break out the dollar amount that we spent on the growth plan.

And.

Could you comment on G&A being up from 14 million to $17 million sequentially.

Well.

Yeah, Jeff This is Mike yes.

We did have some some accruals in the quarter on G&A.

I did too.

Bonus accruals.

But that was Ed those things tend to fluctuate from quarter to quarter. So.

So theres a little bit of noise in Q1, but that's.

I wouldn't.

Okay.

Macro conditions, we're hearing a lot of changes in buyer behavior. What did you observed end of quarter and since then.

Yeah, we were pretty pleased with how the.

The quarter turned out from a bookings perspective so.

Obviously, we're cautious on outlook, because we don't know what's coming.

But in terms of our Q1.

Bookings you know things came in.

Where were we were hoping they would come in.

But again, what happens to the rest of the year here.

Okay. That's it for me thanks.

And your last question comes from the line of Jake Robert.

Hey, Thanks for taking my questions.

There are some moving pieces with the products that need to be sunset. It but curious how demand is tracking for some of your faster growing products that you've talked about looking to prioritize during this transition and just on the macro as well as any product suites that have been more or less prioritize just given the changing demand environment.

So I would say that.

As I mentioned a moment ago.

The demand environment in Q1.

Came in.

Pretty much as we expected it and we had a.

You know a relatively good quarter.

In that regard, we'll see what the rest of the year brings.

We have.

Put in place a plan here to prioritize.

<unk> behind.

Those products that we think that the highest growth potential.

And it's still too early to.

Report anything there I will say that we're seeing.

Some nice activity.

<unk> and our knowledge management products.

But again, we see.

Significant opportunities across.

A variety of our product groups.

Great. Thanks, and then is there any update on your plans for M&A, just given the macro uncertainty and just compression that we're seeing in valuations are you still actively looking at deals or is that something thats kind of put on pause until you sunset These products and make that the go to market investments that youre looking to do over the next year.

So.

No were definitely still looking at deals that we're actively in the market I haven't seen the price adjustment and private market values.

I would want to see.

So and of course, we've got capital and we control the timing.

So we're going to be patient and.

Move when it makes sense, but.

As of right now I haven't seen enough of the price adjust.

Super excited but I'm sure it's coming.

Great. Thanks for taking my questions.

There are no further questions at this time, Mr. Mcdonald, if you'd like to close.

Great Alright, well. Thank you so much and we will see you on the next earnings call.

Thank you ladies and gentlemen, this does conclude today's conference call you may now disconnect.

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