Progress Reports 2017 Fiscal Third Quarter Results and Increases Annual Guidance

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Progress Software (PRGS) Tops Q3 EPS by 5c; Issues Solid Outlook

September 27, 2017 4:17 PM EDT

Progress Software (NASDAQ: PRGS) reported Q3 EPS of $0.48, $0.05 better than the analyst estimate of $0.43. Revenue for the quarter came in at $97.6 million versus the consensus estimate of $96.03 million.

Yogesh Gupta, CEO at Progress, said: We are pleased with our better-than-expected revenue and earnings per share for the third quarter. Our strong... More