Progress Software (PRGS) Misses Q3 EPS by 1c, Offers Q4 &FY Guidance
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September 28, 2016 4:15 PM EDT
BEDFORD, Mass.--(BUSINESS WIRE)--
Progress (NASDAQ: PRGS) today announced results for its fiscal third
quarter ended August 31, 2016.
Revenue was $102.0 million during the quarter compared to $94.6 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 $102.4 million during the quarter compared to $100.7
million in the same quarter last year, an increase of 2% on an actual
currency basis and 3% on a constant currency basis.
Additional financial highlights included:
On a GAAP basis in the fiscal... More
September 28, 2016 4:10 PM EDT
BEDFORD, Mass.--(BUSINESS WIRE)--
Progress (NASDAQ: PRGS) today announced the appointment of Kurt J.
Abkemeier as its new chief financial officer. As CFO, Abkemeier will
oversee the companys global finance and accounting operations and be a
member of the company's executive leadership team, reporting to Phil
Pead, president and chief executive officer. Abkemeier succeeds Chris E.
Perkins, who informed the company in March 2016 that he would retire as
CFO upon the appointment of his successor. Abkemeier begins as CFO at
Progress on September 28, 2016.
We are delighted with the appointment of Kurt... More
