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