Progress Software (PRGS) Tops Q2 EPS by 7c, Offers Q2 and FY Guidance

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Go back to Progress Software (PRGS) Tops Q2 EPS by 7c, Offers Q2 and FY Guidance

Progress 2018 Second Quarter Results Exceed Guidance

June 27, 2018 4:15 PM EDT

Raises 2018 Guidance for Earnings Per Share, Operating Margin and Adjusted Free Cash Flow

BEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced results for its fiscal second quarter ended May 31, 2018.

Revenue was $96.1 million during the quarter compared to $93.2 million in the same quarter last year, a year-over-year increase of 3% on an actual currency basis, and 1% on a constant currency basis. On a non-GAAP basis, revenue was $96.2 million during the quarter compared to $93.4 million in... More