Progress Software Corporation (PRGS) Tops Q3 EPS by 8c, Offers Guidance

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Go back to Progress Software Corporation (PRGS) Tops Q3 EPS by 8c, Offers Guidance

Progress Announces Third Quarter 2023 Financial Results

September 26, 2023 4:15 PM EDT

Third Quarter Results Ahead of Estimates 
ARR Up 18%; Raises Full Year Outlook

BURLINGTON, Mass., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal third quarter ended August 31, 2023.

Third Quarter 2023 Highlights1:

Revenue of $175.0 million increased 16% year-over-year on an actual currency basis and 14% on a constant currency basis.Non-GAAP revenue of $175.8 million increased 15% year-over-year on an actual currency... More