Progress Software Corp beats Q2 profit estimates with $0.37 per share versus expected $0.27.
From Nasdaq.: 2025-06-30 18:15:00
Progress Software Corp reported earnings for the second quarter that exceeded Street estimates. The company’s bottom line was $16.19 million, or $0.37 per share, up from $12.09 million, or $0.27 per share, in the same period last year. Excluding items, adjusted earnings were $47.90 million or $1.09 per share. Revenue for the quarter decreased 2.3% to $175.08 million. Analysts had expected earnings of $0.95 per share. Full year guidance includes EPS of $4.70 – $4.80 and revenue of $725 – $735 million.
Read more at Nasdaq.: Progress Software Corp Q2 Profit Increases, Beats Estimates