Progress Software (PRGS) Initiates Qtr. Dividend at 12.5c/Share; Will Continue Stock Buybacks
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Progress Initiates Quarterly Dividend
September 28, 2016 4:20 PM EDTBEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS) today announced an expanded capital allocation strategy that reflects the companys confidence in its long-term business prospects and ability to generate consistent earnings and cash flow while expanding its commitment to return capital to shareholders.
The Progress Board of Directors has approved the initiation of a quarterly cash dividend to Progress shareholders. The first quarterly dividend of $0.125 per share of common stock will be paid on December 15, 2016 to shareholders of record as of the close of business on December 1, 2016.
Progress also intends to... More
Progress Reports 2016 Fiscal Third Quarter Results
September 28, 2016 4:15 PM EDTBEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS) today announced results for its fiscal third quarter ended August 31, 2016.
Revenue was $102.0 million during the quarter compared to $94.6 million in the same quarter last year, a year over year increase of 8% on an actual currency basis and 9% on a constant currency basis. On a non-GAAP basis, revenue was $102.4 million during the quarter compared to $100.7 million in the same quarter last year, an increase of 2% on an actual currency basis and 3% on a constant currency basis.
Additional financial highlights included:
On a GAAP basis in the fiscal... More
