Progress Software Corporation (PRGS) Tops Q1 EPS by 14c, Offers Guidance

Progress Software Corporation (NASDAQ: PRGS) reported Q1 EPS of $1.19, $0.14 better than the analyst estimate of $1.05. Revenue for the quarter came in at $165.6 million versus the consensus estimate of $151.73 million.

GUIDANCE:

Progress Software Corporation sees FY2023 EPS of $4.09-$4.17, versus the consensus of $4.14. Progress Software Corporation sees FY2023 revenue of $680-688 million, versus the consensus of $679.4 million.

Progress Software Corporation sees Q2 2023 EPS of $0.88-$0.92, versus the consensus of $0.99. Progress Software Corporation sees Q2 2023 revenue of $168-172 million, versus the consensus of $169 million.

For earnings history and earnings-related data on Progress Software Corporation (PRGS) click here.

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