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

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Progress Announces First Quarter 2021 Financial Results

March 25, 2021 4:15 PM EDT

Revenue and Earnings Per Share Exceed Guidance RangesFull Year Guidance Increased for Revenue, Earnings Per Share and Free Cash Flow

BEDFORD, Mass., March 25, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced financial results for its fiscal first quarter ended February 28, 2021.

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 basis,... More