Progress Software (PRGS) Tops Q3 EPS by 2c; Update FY15 Outlook

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Go back to Progress Software (PRGS) Tops Q3 EPS by 2c; Update FY15 Outlook

Progress Reports 2015 Fiscal Third Quarter Results

October 1, 2015 4:16 PM EDT

BEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS), a global software company that simplifies and enables the development, deployment and management of business applications, today announced results for its fiscal third quarter ended August 31, 2015.

Revenue in the quarter was $94.6 million compared to $79.3 million in the same quarter last year, a year over year increase of 19% on an actual currency basis and 29% on a constant currency basis. On a non-GAAP basis, revenue was $100.7 million compared to $79.3 million in the same quarter last year.

Additional financial highlights included:

On a GAAP basis in the fiscal third... More