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Upwork Inc   (UPWK)
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Price: $12.0600 $0.10 0.836%
Day's High: $12.31 Week Perf: -4.44 %
Day's Low: $ 12.00 30 Day Perf: -13.08 %
Volume (M): 2,955 52 Wk High: $ 16.36
Volume (M$): $ 35,640 52 Wk Avg: $11.94
Open: $12.14 52 Wk Low: $6.56



 Market Capitalization (Millions $) 9,424
 Shares Outstanding (Millions) 781
 Employees 1,270
 Revenues (TTM) (Millions $) 689
 Net Income (TTM) (Millions $) 47
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 16

Upwork Inc
Upwork Inc. is an online platform that connects businesses and individuals with freelance professionals across the world. The company was founded in 2015 after the merger of two leading platforms, Elance and oDesk. Today, Upwork has a user base of over 12 million freelancers and businesses, offering more than 5,000 skill categories globally.

Upwork offers freelancers and businesses a wide range of services that facilitate the hiring and onboarding process. The platform provides curated talent matching, time tracking, invoicing, and collaboration tools to make remote work easy and efficient. Upwork also offers a range of support services such as project management, legal, healthcare, financial, and education that help businesses manage and grow their freelance workforces.

As a global platform, Upwork allows freelancers and businesses to work together from anywhere in the world, without geographic barriers. The platform has a sophisticated algorithm that matches freelancers with relevant projects, and businesses with the right talent. This algorithm is based on the freelancer's profile, skills, work history, and ratings.

Upwork is known for its highly secure and scalable platform. The company is GDPR and SOC 2 Type II compliant, meeting the highest standards of data security and privacy. The platform ensures that all clients and freelancers are verified before they begin working together, and that all transactions are secure and protected.

Upwork has transformed the freelance economy by providing a flexible and reliable platform for remote work. It has democratized access to global talent, providing businesses with a cost-effective solution for their staffing needs, and freelancers with a platform to showcase their skills and work on projects they love. Upwork is committed to empowering professionals to succeed in the new world of work, and to build better businesses, better lives, and a better world.


   Company Address: 475 Brannan Street, Suite 430 San Francisco, 94107 CA
   Company Phone Number: 316-7500   Stock Exchange / Ticker: NASDAQ UPWK
   


   

Stock Performances by Major Competitors

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Upwork Inc

Upwork Inc Soars to Profitability with Positive Q4 2023 Earnings

Investors Eye Upwork Inc's Positive Q4 2023 Results and Promising Future Performance
Online freelance platform Upwork Inc has reported positive financial results for the fourth quarter of 2023, indicating a significant turnaround in its income performance. The company's income turned positive at $0.01 per share, compared to a loss of $0.12 per share during the same period the previous year.
The robust growth in income highlights Upwork's ability to adapt and grow within the highly competitive Cloud Computing & Data Analytics industry. The company's revenue also witnessed an uptick, rising by 13.822% to $183.76 million from $161.44 million in the previous year's fourth quarter. Sequentially, revenue advanced by 4.729% from the preceding quarter's $175.46 million.

Partnership

Upwork Unleashes the Power of Seamless Workforce Management with Game-Changing VMS Partnerships and Extended Integration Capabilities

Published Tue, Dec 5 2023 2:01 PM UTC

Upwork Revolutionizes Workforce Management with Seamless VMS Partnerships and Extended Integration Capabilities
Leading freelance platform Upwork has unveiled groundbreaking Vendor Management System (VMS) partnerships and extended integration capabilities, taking workforce management to new heights of efficiency and convenience. With these innovative advancements, Upwork...

Upwork Inc

Upwork Inc. Shines with Remarkable Revenue Surge in Third Quarter of 2023

n the ever-changing world of the stock market, it is imperative for investors to stay informed about the latest developments and financial performances of various companies. Upwork Inc., a leading freelancing platform, recently released its fiscal time-frame ending September 30, 2023, financial results, which depict a notable turnaround in several key areas. From positive earnings per share (EPS) to impressive revenue growth, let's delve into the interesting facts unveiled by Upwork's latest report.
Positive Earnings per Share:
Upwork Inc. proudly reported an EPS of $0.12 per share for the fiscal time-frame ending September 30, 2023. This represents a remarkable improvement compared to $-0.19 earnings per share a year ago. Furthermore, the income per share also turned positive, climbing from $-0.03 during the previous financial reporting period.

Product Service News

Empowering Freelancers: Upwork Unleashes the Potential of Generative AI to Transform the Freelance Experience

Published Mon, Nov 6 2023 2:00 PM UTC



The digital age has presented limitless opportunities for independent professionals around the world to showcase their skills and expertise. In this era of remote work, Upwork, the leading online freelance marketplace, has once again demonstrated its commitment to empowering talent by introducing a groundbreaking suite of generative AI tools and educational content...

Upwork Inc

Upwork Inc Posts Promising Growth: Q2 2023 Report Reveals Decreased Losses and Robust Revenue Surge

Upwork Inc, a Cloud Computing & Data Analytics company, has shown promising financial results for the second quarter of 2023. The company managed to decrease its loss per share from $-0.18 to $-0.03 compared to the same quarter a year ago. Additionally, they improved their EPS from $-0.15 in the previous quarter. These figures indicate that Upwork's financial performance is heading in the right direction.
One of the key highlights of Upwork's financial report is the revenue growth. The company experienced a 7.465% increase in revenue, reaching $168.61 million in the second quarter of 2023, compared to $156.90 million in the corresponding quarter a year ago. Moreover, their sequential revenue advanced by 4.82% from $160.86 million. This growth in revenue surpasses that of their industry peers, who only saw a 4.53% top-line advance.






 

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Upwork Inc does not provide revenue guidance.

Earnings Outlook
Upwork Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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