Progress Announces First Quarter 2021 Financial Results

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Go back to Progress Announces First Quarter 2021 Financial Results

Progress Software Corporation (PRGS) Tops Q1 EPS by 20c, Revenues Beat; Offers FY21 EPS/Revenue Guidance Above Consensus, 2Q EPS/Revenues Views Below Consensus

March 25, 2021 4:18 PM EDT

Progress Software Corporation (NASDAQ: PRGS) reported Q1 EPS of $0.95, $0.20 better than the analyst estimate of $0.75. Revenue for the quarter came in at $131.8 million versus the consensus estimate of $121.39 million.

First Quarter 2021 Highlights:

Revenue of $121.3 million increased 11% year-over-year on an actual currency basis, and 9% on a constant currency basis.Non-GAAP revenue of $131.8 million increased 16% on an actual currency... More