Progress 2020 First Quarter Results Exceed Guidance
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Progress Software (PRGS) Tops Q1 EPS by 6c, Revenues Beat; Lowers FY20 EPS/Revenue Guidance Below Consensus
March 26, 2020 4:19 PM EDTProgress Software (NASDAQ: PRGS) reported Q1 EPS of $0.76, $0.06 better than the analyst estimate of $0.70. Revenue for the quarter came in at $113.8 million versus the consensus estimate of $112.06 million.
Q1 was a very strong quarter for us, said Yogesh Gupta, CEO at Progress. We exceeded both our revenue and EPS guidance, sustaining the momentum we achieved in 2019. Given the durable nature of our business, Im confident that we can deliver solid results despite... More
