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

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

Progress Reports 2017 Fiscal Third Quarter Results and Increases Annual Guidance

September 27, 2017 4:15 PM EDT

Board of Directors Increases Share Repurchase Authorization to $250 Million

BEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS) today announced results for its fiscal third quarter ended August 31, 2017, which are consistent with the preliminary results it announced on September 12, 2017.

Revenue was $97.3 million during the quarter compared to $102.0 million in the same quarter last year, a year-over-year decrease of 5% on an actual currency basis and a constant currency basis. On a non-GAAP basis, revenue was $97.6 million during the quarter compared to $102.4 million in the same quarter last year, a decrease of 5% on... More