Progress' (PRGS) Q1 Earnings Top Estimates, Revenues Up Y/Y [Yahoo! Finance]
Progress Software Corporation (PRGS)
Last progress software corporation earnings: 3/26 04:15 pm
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US:NASDAQ Investor Relations:
investors.progress.com
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Source: Yahoo! Finance
Non-GAAP revenues of $184.7 million beat the consensus mark by 1.59% and increased 11.5% year over year. On a constant-currency basis, annualized recurring revenues came in at $571 million, unchanged year over year, driven by strong contributions from OpenEdge and a net retention rate of 99%. Quarter Details Software license revenues were $64.1 million, up 11.3% year over year. Maintenance and service revenues were $120.6 million, up 13.1% year over year. Top-line growth benefited from strong demand for AI-powered Progress solutions, including MarkLogic and Semaphore offerings. Progress Software Corporation Price, Consensus and EPS Surprise Progress Software Corporation price-consensus-eps-surprise-chart | Progress Software Corporation Quote Sales and marketing expenses, as a percentage of revenues, increased 60 basis points (bps) from the year-ago quarter's level to 21.2%. Product development expenses, as a percentage of revenues, increased 40 bps to 18.9%. General
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News
- Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175 [Yahoo! Finance]Yahoo! Finance
- Progress Software Corp. Statement regarding a Possible Offer for MariaDB plc [Yahoo! Finance]Yahoo! Finance
- Progress Software Corp. Statement regarding a Possible Offer for MariaDB plcGlobeNewswire
- Progress Software Co. (NASDAQ: PRGS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Progress Announces Advanced AI Capabilities to Accelerate Delivery of Digital Experiences [Yahoo! Finance]Yahoo! Finance
PRGS
Earnings
- 3/26/24 - Beat
PRGS
Sec Filings
- 4/15/24 - Form 4
- 4/8/24 - Form 10-Q
- 4/3/24 - Form 4
- PRGS's page on the SEC website