Progress Software reports fiscal Q3 net income of $22.8 million, revenue of $246 million
AI Market Summary
Progress Software reported fiscal Q3 net income of $22.8M (EPS $0.55) and adjusted EPS of $1.69 on $246M revenue, while guiding Q4 EPS of $1.24–1.33 and revenue of $297–305M, with full-year EPS of $6.15–6.23 and revenue of $1.04–1.05B. The update is company-specific and unlikely to shift broader risk appetite materially in the near term.
Impact level
● Low
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● Neutral
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Progress Software reported fiscal third-quarter net income of $22.8 million, or 55 cents per share, with adjusted earnings of $1.69 per share. Revenue for the quarter was $246 million. For the quarter ending in November, the company forecast per-share earnings of $1.24 to $1.33 and revenue of $297 million to $305 million. For the full year, it projected earnings of $6.15 to $6.23 per share on revenue of $1.04 billion to $1.05 billion.
