Progress Software Corporation (PRGS) Tops Q2 EPS by 16c

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Go back to Progress Software Corporation (PRGS) Tops Q2 EPS by 16c

Progress Announces Second Quarter 2023 Financial Results

June 29, 2023 4:15 PM EDT

Exceeds Q2 Revenue and Earnings Estimates ARR increases by 19%; Raises Full Year Guidance

BURLINGTON, Mass., June 29, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2023.

Second Quarter 2023 Highlights1:

Revenue of $178.3 million increased 20% year-over-year on both an actual and a constant currency basis.Non-GAAP revenue of $179.2 million increased 19% year-over-year on both an actual and a constant currency... More