Progress Software Achieves Strong Q1 Performance with Beats in Non-GAAP EPS and Revenue
Tuesday, 26 March 2024, 20:17
Progress Software Q1 Earnings Highlights:
Progress Software has exceeded expectations with its impressive Q1 performance.
Key Points:
- Non-GAAP EPS Beat: Progress Software reported $1.25 EPS, surpassing estimates by $0.11.
- Revenue Exceeds Expectations: The company's revenue of $184.69M beat forecasts by $3.05M.
- Annualized Recurring Revenue Consistency: Progress Software maintained consistent annualized recurring revenue year-over-year.
The company's strong Q1 results indicate stability and growth potential, reinforcing its position in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.