UPDATE: Progress Software (PRGS) Tops Q4 EPS by 3c. Revenues Beat; Offers FY18 & FY19 EPS/Revenue Guidance Below Consensus

(Updated - January 17, 2019 4:21 PM EST)

Progress Software (NASDAQ: PRGS) reported Q4 EPS of $0.76, $0.03 better than the analyst estimate of $0.73. Revenue for the quarter came in at $114.5 million versus the consensus estimate of $109.35 million.

“We achieved better-than-expected revenue and strong earnings per share in Q4, finishing a very solid financial year,” said Yogesh Gupta, CEO at Progress. “Our business continues to be healthy and stable, and demand for our high-productivity application development platform is growing. We look forward to continued momentum in 2019, as we execute on our strategic plan that will drive sustainable, long-term value for all shareholders.”

GUIDANCE:

Progress Software sees FY2019 EPS of $2.33-$2.39, versus the consensus of $2.49. Progress Software sees FY2019 revenue of $380-386 million, versus the consensus of $398.37 million.

Progress Software sees FY2018 EPS of $2.19, versus the consensus of $2.46. Progress Software sees FY2018 revenue of $379 million, versus the consensus of $395.49 million.

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

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