Progress Software (PRGS) Tops Q3 EPS by 2c, Revenues Miss; Offers FY18 EOPS/Revenue Outlook Below Consensus

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Go back to Progress Software (PRGS) Tops Q3 EPS by 2c, Revenues Miss; Offers FY18 EOPS/Revenue Outlook Below Consensus

Progress Reports 2018 Third Quarter Results, Announces 11% Dividend Increase

September 27, 2018 4:15 PM EDT

Solid Revenue and EPS Performance, Generates Strong Cash Flows

BEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced results for its fiscal third quarter ended August31, 2018.

Revenue was $95.7 million during the quarter compared to $97.3 million in the same quarter last year, a year-over-year decrease of 2% on an actual currency basis, and 1% on a constant currency basis. On a non-GAAP basis, revenue was $95.8 million during the quarter compared to $97.6 million in the same quarter last year, a... More