Progress Software (PRGS) Sees Q2 Revs, EPS Below Street Views

Progress Software Corp. (Nasdaq: PRGS) announced today preliminary revenue and non-GAAP earnings per share results for the fiscal second quarter ended May 31, 2012 as well as actions taken during the quarter to implement its new strategic plan announced on April 25, 2012.

• Consolidated revs of $110 million to $115 million, versus Street views calling for $123.71 million; and
  
  
• Non-GAAP EPS of $0.17 to $0.19, versus consensus expectations of $0.26.

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