Progress Software Corporation (PRGS) Tops Q2 EPS by 16c
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Progress Announces Second Quarter 2023 Financial Results
June 29, 2023 4:15 PM EDTExceeds Q2 Revenue and Earnings Estimates ARR increases by 19%; Raises Full Year Guidance
BURLINGTON, Mass., June 29, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2023.
Second Quarter 2023 Highlights1:
Revenue of $178.3 million increased 20% year-over-year on both an actual and a constant currency basis.Non-GAAP revenue of $179.2 million increased 19% year-over-year on both an actual and a constant currency... More