Progress Software (NASDAQ: PRGS) reported Q1 EPS of $0.54, $0.07 better than the analyst estimate of $0.47. Revenue for the quarter came in at $94.2 million versus the consensus estimate of $92.57 million.

GUIDANCE:

Progress Software sees Q2 2018 EPS of $0.51-$0.53, versus the consensus of $0.52. Progress Software sees Q2 2018 revenue of $93-96 million, versus the consensus of $94.69 million.

Progress provides the following guidance for the fiscal year ending November 30, 2018 and the second fiscal quarter ending May 31, 2018:

(In millions, except percentages and per share amounts)			FY 2018GAAP				FY 2018Non-GAAP				Q2 2018GAAP			Q2 2018Non-GAAP
Revenue			$398 - $404				$399 - $404				$93 - $96			$93 - $96
Diluted earnings per share			$1.24 - $1.32				$2.36 - $2.41				$0.24 - $0.26			$0.51 - $0.53
Operating margin			21% - 22%				36% - 37%				*			*
Cash from operations (GAAP) / Adjusted free cash flow (Non-GAAP)			$115 - $121				$115 - $120				*			*

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