Progress Software (PRGS) Tops Q2 EPS by 5c, Beat on Revenues

Progress Software (NASDAQ: PRGS) reported Q2 EPS of $0.42, $0.05 better than the analyst estimate of $0.37. Revenue for the quarter came in at $93.2 million versus the consensus estimate of $91.53 million.

On a non-GAAP basis in the fiscal second quarter of 2017:

• Revenue was $93.4 million compared to $96.7 million in the same quarter last year;
• Income from operations was $32.6 million compared to $27.0 million in the same quarter last year;
• Operating margin was 35% compared to 28% in the same quarter last year;
• Net income was $20.5 million compared to $16.4 million in the same quarter last year;
• Diluted earnings per share was $0.42 compared to $0.33 in the same quarter last year; and
• Adjusted free cash flow was $27.9 million compared to $26.4 million in the same quarter last year.

For earnings history and earnings-related data on Progress Software (PRGS) click here.

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