Progress Software (PRGS) Tops Q2 EPS by 4c; Guides In-Line

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Go back to Progress Software (PRGS) Tops Q2 EPS by 4c; Guides In-Line

Progress Reports 2016 Fiscal Second Quarter Results

June 29, 2016 4:15 PM EDT

BEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS) today announced results for its fiscal second quarter ended May 31, 2016.

Revenue was $96.1 million during the quarter compared to $88.8 million in the same quarter last year, a year over year increase of 8% on an actual currency basis and 9% on a constant currency basis. On a non-GAAP basis, revenue was $96.7 million during the quarter compared to $100.9 million in the same quarter last year, a decrease of 4% on an actual currency basis and 3% on a constant currency basis.

Additional financial highlights included:

On a GAAP basis in the fiscal... More