Progress Software Corporation (PRGS) Tops Q1 EPS by 14c, Offers Guidance

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Go back to Progress Software Corporation (PRGS) Tops Q1 EPS by 14c, Offers Guidance

Progress Announces First Quarter 2023 Financial Results

March 28, 2023 4:15 PM EDT

Revenue and Earnings Per Share Exceed Guidance ARR surges to $569M; MarkLogic Integration Underway

BURLINGTON, Mass., March 28, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal first quarter ended February 28, 2023.

First Quarter 2023 Highlights1:

Revenue of $164.2 million increased 13% year-over-year on an actual currency basis, and 15% on a constant currency basis.Non-GAAP revenue of $165.6 million increased 12% year-over-year on an actual currency basis, and increased 14% on... More