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home / news releases / PRGS - Progress Software Non-GAAP EPS of $1.06 beats by $0.16 revenue of $178.25M beats by $8.47M

PRGS - Progress Software Non-GAAP EPS of $1.06 beats by $0.16 revenue of $178.25M beats by $8.47M

Progress Software Corporation

2023-06-29 16:21:55 ET

  • Progress Software press release ( NASDAQ: PRGS ): Q2 Non-GAAP EPS of $1.06 beats by $0.16 .
  • Revenue of $178.25M (+19.8% Y/Y) beats by $8.47M .
  • Annualized Recurring Revenue of $569.0 million increased 19% year-over-year on a constant currency basis.
  • Operating margin was 13% and Non-GAAP operating margin was 38%.
  • Updated Non-GAAP 2023 Guidance: Revenue $680-$698M, EPS $4.16 - $4.24, Operating margin 38% - 39%.
  • Shares +2.04% .

For further details see:

Progress Software Non-GAAP EPS of $1.06 beats by $0.16, revenue of $178.25M beats by $8.47M
Stock Information
Company Name: Progress Software Corporation
Stock Symbol: PRGS
Market: NASDAQ
Website: progress.com
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