- Progress Software ( NASDAQ: PRGS ) is trading 1.5% higher after the company late on Tuesday posted Q3 results that beat estimates.
- Revenue rose 2.6% Y/Y to $151.2M and beat by $3.1M, while Q3 Non-GAAP EPS of $1 beat by $0.03.
- The company also raised its FY 2022 profit forecast to $4.08 - $4.12, from prior forecast of $4.05 - $4.11. Analysts estimate $4.09.
- It continues to expect full-year revenue between $609M - $617M vs. analysts estimate of $611.96M.
- Q4 2022 Guidances for profit is between $1.06 - $1.10 vs $1.10 Consensus.
- Cash was $224.9M at the end of the quarter.
- Transcript
For further details see:
Progress rises on upbeat Q3 result