Wedbush Cuts Price Target on Progress Software (PRGS) Following a Weak 1Q
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Progress Software CFO, Chris Perkins, Announces Plans to Retire
March 30, 2016 4:20 PM EDTBEDFORD, Mass.--(BUSINESS WIRE)--
Progress (NASDAQ: PRGS) today announced that Chris E. Perkins, the companys Chief Financial Officer, has informed the company that he plans to retire after a transition period while we search for his replacement. Mr. Perkins joined Progress as its CFO in February 2013. The Company will commence a search for a new CFO shortly.
Chris contributions have been critical in guiding us through the strategic transformation we began almost four years ago, said Phil Pead, Progress President and CEO. Chris... More
Progress Software Reports 2016 Fiscal First Quarter Results
March 30, 2016 4:15 PM EDTBEDFORD, 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.
... More
