Progress Software Corporation (PRGS) Tops Q3 EPS by 3c, Offers Guidance

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Progress Announces Third Quarter 2022 Financial Results

September 27, 2022 4:15 PM EDT

Revenue and EPS Exceed Prior Guidance

BURLINGTON, Mass., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal third quarter ended August 31, 2022.

Third Quarter 2022 Highlights1:

Revenue of $151.2 million increased 3% year-over-year on an actual currency basis, and 6% on a constant currency basis.Non-GAAP revenue of $153.1 million remained flat year-over-year on an actual currency basis, and increased 4% on a constant currency... More