Progress Software (PRGS) Misses Q1 EPS by 2c; Trims FY16 Outlook

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Go back to Progress Software (PRGS) Misses Q1 EPS by 2c; Trims FY16 Outlook

Progress Software Reports 2016 Fiscal First Quarter Results

March 30, 2016 4:15 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 first quarter ended February 29, 2016.

Revenue was $89.5 million compared to $81.4 million in the same quarter last year, a year over year increase of 10% on an actual currency basis and 14% on a constant currency basis. On a non-GAAP basis, revenue was $90.2 million compared to $95.5 million in the same quarter last year, a decrease of 5% on an actual currency basis and 2% on a constant currency basis.

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