Progress Software (PRGS) Tops Q1 EPS by 3c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Above Consensus

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Go back to Progress Software (PRGS) Tops Q1 EPS by 3c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Above Consensus

Progress Reports 2019 Fiscal First Quarter Results

March 28, 2019 4:16 PM EDT

Exceeds Guidance for Revenue and Earnings per Share

Increases 2019 Guidance to Reflect Ipswitch Acquisition

BEDFORD, Mass.--(BUSINESS WIRE)-- Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced results for its fiscal first quarter ended February28, 2019.

Revenue was $89.5 million during the quarter compared to $95.4 million in the same quarter last year, a year-over-year decrease of 6% on an actual currency basis and 4% on a constant currency basis. On a non-GAAP basis, revenue was $89.5 million during the quarter... More