Progress Software (PRGS) Tops Q1 EPS by 7c, Offers Guidance
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Revenue Growth %: +2.4%
Financial Fact:
General and administrative: 11.41M
Today's EPS Names:
OCCI, MAYS, CRMT, More
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Progress Software (NASDAQ: PRGS) reported Q1 EPS of $0.54, $0.07 better than the analyst estimate of $0.47. Revenue for the quarter came in at $94.2 million versus the consensus estimate of $92.57 million.
GUIDANCE:
Progress Software sees Q2 2018 EPS of $0.51-$0.53, versus the consensus of $0.52. Progress Software sees Q2 2018 revenue of $93-96 million, versus the consensus of $94.69 million.
Progress provides the following guidance for the fiscal year ending November 30, 2018 and the second fiscal quarter ending May 31, 2018:
| (In millions, except percentages and per share amounts) | FY 2018GAAP | FY 2018Non-GAAP | Q2 2018GAAP | Q2 2018Non-GAAP | ||||||||||
| Revenue | $398 - $404 | $399 - $404 | $93 - $96 | $93 - $96 | ||||||||||
| Diluted earnings per share | $1.24 - $1.32 | $2.36 - $2.41 | $0.24 - $0.26 | $0.51 - $0.53 | ||||||||||
| Operating margin | 21% - 22% | 36% - 37% | * | * | ||||||||||
| Cash from operations (GAAP) / Adjusted free cash flow (Non-GAAP) | $115 - $121 | $115 - $120 | * | * | ||||||||||
For earnings history and earnings-related data on Progress Software (PRGS) click here.
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