While announcing its second quarter financial results, Progress Software (PRGS) raised its outlook for fiscal year 2025.
The company raised its earnings per share guidance for fiscal year 2025 to a range of $1.27 - $1.43 from the prior estimation of $1.19 - $1.35. The company also increased its annual non-GAAP earnings per share outlook to a range of $5.28 - $5.40 from the previous guidance of $5.25 - $5.37. Analysts expect the company to report earnings of $5.31 per share for fiscal year 2025. Analysts' estimates typically exclude special items.
The company now expects revenues for fiscal year 2025 to be between $962 million and $974 million compared to the prior outlook of $958 million - $970 million. Analysts expected revenue of $965.54 million for the quarter.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.