This week, UDA Technologies announced record-breaking financial results for the First Quarter of 2022. Exceptional sales reported in the months of January, February, and March resulted in the company’s most successful quarter to date. Revenue growth was primarily driven by new subscriptions and sizable upgrades to ConstructionOnline™ 2022, the newest iteration of UDA’s advanced online construction project management system.
“The success of the first quarter of 2022 is all thanks to the ever-increasing support, loyalty, and feedback from our dedicated clients. Over the past few years, we have seen a growing demand in the construction industry for powerful, cloud-based construction project management solutions. Our clients trust us to provide them with the most advanced, powerful, and intuitive solutions that are engineered for their ultimate success. No other construction project management software on the market offers the performance, speed, and vision that ConstructionOnline™ 2022 provides.”
- Michael Stevens, President & CEO of UDA Technologies
Holly Gipson, Director of Sales at UDA Technologies, said that the company reviews 3 primary components when analyzing revenue results - successful retention of existing accounts, significant expansion of existing accounts, and substantial acquisition of new accounts:
“Individually, the first three months of 2022 surpassed existing company records with impressive renewals, upgrades, and new accounts reported month to month, but the consistency of results is really impactful as we look cumulatively at the whole of the quarter. Without a doubt, the success we saw confirms that ConstructionOnline™ 2022 delivers what construction pros are seeking in a construction project management solution - and as we look to the future, we’re excited to build upon this success.”
Winner of 36 top product awards to date, ConstructionOnline™ is the only construction project management software on the market today that handles all the needs of growing construction companies with fully integrated financial tools, powerful schedules and calendars, dynamic construction takeoff, industry-leading account integration, centralized communication, and much more.