UPDATE: Progress Software (PRGS) Tops Q4 EPS by 3c. Revenues Beat; Offers FY18 & FY19 EPS/Revenue Guidance Below Consensus

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Go back to UPDATE: Progress Software (PRGS) Tops Q4 EPS by 3c. Revenues Beat; Offers FY18 & FY19 EPS/Revenue Guidance Below Consensus

Progress Reports 2018 Fiscal Fourth Quarter and Year End Results

January 17, 2019 4:15 PM EST

Exceeds Guidance for Revenue

BEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced results for its fiscal fourth quarter and fiscal year ended November30, 2018.

Revenue was $111.3 million during the quarter compared to $116.1 million in the same quarter last year, a year-over-year decrease of 4% on an actual currency basis and 3% on a constant currency basis. On a non-GAAP basis, revenue was $111.5 million during the quarter compared to $116.3 million in the same quarter last year, a decrease of 4% on an... More