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Progress Software Corp Announces 5% Increase In Q4 Profit

Progress Software Corp (PRGS) reported a profit for its fourth quarter that climbed from last year.

The company said its bottom line advanced to $32.1 million, or $0.67 per share. This was up from $30.5 million, or $0.62 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.4% to $116.34 million. This was down from $118.01 million last year.

Progress Software Corp earnings at a glance:

-Earnings (Q4): $32.1 Mln. vs. $30.5 Mln. last year.
-Earnings Growth (Y-o-Y): 5.2%
-EPS (Q4): $0.67 vs. $0.62 last year.
-EPS Growth (Y-o-Y): 8.1%
-Analysts Estimate: $0.61
-Revenue (Q4): $116.34 Mln vs. $118.01 Mln last year.
-Revenue Change (Y-o-Y): -1.4%

-Guidance:
Next quarter EPS guidance: $0.46 - $0.48
Next quarter revenue guidance: $90 - $93 Mln
Full year EPS guidance: $2.29 - $2.35
Full year revenue guidance: $399 - $404 Mln

by RTT Staff Writer

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