Progress Software (PRGS) Tops Q1 EPS by 7c, Offers Guidance

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Go back to Progress Software (PRGS) Tops Q1 EPS by 7c, Offers Guidance

Progress Reports Better Than Expected 2018 Fiscal First Quarter Results

March 28, 2018 4:15 PM EDT

Raises Guidance for FY18 Earnings Per Share and Operating Margin

BEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS), the leading provider of application development and deployment technologies, today announced results for its fiscal first quarter ended February 28, 2018.

Revenue was $94.0 million during the quarter compared to $91.0 million in the same quarter last year, a year-over-year increase of 3% on an actual currency basis, and flat on a constant currency basis. On a non-GAAP basis, revenue was $94.2 million during the quarter compared to $91.2 million in the same quarter... More