2023-03-28 16:19:48 ET
- Progress Software press release ( NASDAQ: PRGS ): Q1 Non-GAAP EPS of $1.19 beats by $0.14 .
- Revenue of $164.23M (+13.3% Y/Y) beats by $5.46M .
- Annualized Recurring Revenue of $569 million increased 20% year-over-year on a constant currency basis.
- Operating margin was 22% and Non-GAAP operating margin was 44%.
- Cash, cash equivalents and short-term investments were $122.9 million at the end of the quarter.
- Days sales outstanding was 42 days compared to 52 days in the fiscal first quarter of 2022 and 62 days in the fiscal fourth quarter of 2022.
- Updated Non-GAAP 2023 Guidance: Revenue $680 - $688M, EPS $4.09 - $4.17, Operating margin 38% - 39%.
- Shares -3.67% .
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Progress Software Non-GAAP EPS of $1.19 beats by $0.14, revenue of $164.23M beats by $5.46M