Progress Software Corporation (PRGS) Tops Q2 EPS by 9c, Offers Guidance
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Progress Announces Second Quarter 2022 Financial Results
June 28, 2022 4:15 PM EDTRevenue and EPS Exceed Prior Guidance
BURLINGTON, Mass., June 28, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2022.
Second Quarter 2022 Highlights:
Revenue of $148.7 million increased 21% year-over-year on an actual currency basis, and 24% on a constant currency basis.Non-GAAP revenue of $150.9 million increased 17% on an actual currency basis, and 19% on a constant currency basis.Annualized Recurring Revenue (ARR) of $486 million increased 13% year-over-year on a constant... More