Progress Software (NASDAQ: PRGS) reported Q4 EPS of $0.67, $0.06 better than the analyst estimate of $0.61. Revenue for the quarter came in at $116.1 million versus the consensus estimate of $114.34 million.

On a non-GAAP basis in the fiscal year 2017:

• Revenue was $398.6 million compared to $407.4 million in fiscal year 2016, a year-over-year decrease of 2% on both an actual and constant currency basis;
• Income from operations was $144.5 million compared to $123.1 million in the prior fiscal year;
• Operating margin was 36% compared to 30% in the prior fiscal year;
• Net income was $92.5 million compared to $82.3 million in the prior fiscal year;
• Diluted earnings per share was $1.91 compared to $1.65 in the prior fiscal year; and
• Adjusted free cash flow was $121.5 million compared to $100.6 million in the prior fiscal year.

GUIDANCE:

Progress Software sees Q1 2018 EPS of $0.46-$0.48, versus the consensus of $0.38.

Progress Software sees FY2018 EPS of $2.29-$2.35, versus the consensus of $1.88. Progress Software sees FY2018 revenue of $399-404 million, versus the consensus of $395 million.

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