Progress Software posts $246.0M Q3 revenue and raises full-year outlook
Progress Software reported fiscal third-quarter revenue of $246.0M, down 2% from a year earlier, with ARR of $873M. It raised its full-year revenue guidance to $1,044M–$1,052M, having closed its purchase of Domo's AI and Data Platform business.
Progress Software reported fiscal third-quarter revenue of $246.0M, down 2% from a year earlier, with ARR of $873M. It raised its full-year revenue guidance to $1,044M–$1,052M, having closed its purchase of Domo's AI and Data Platform business. (SEC EDGAR (Progress 8-K, Exhibit 99.1); Pulse 2.0)
GAAP diluted EPS was $0.55 and non-GAAP diluted EPS was $1.69. For the fourth quarter, the company guided revenue of $297M–$305M. Full-year non-GAAP EPS guidance moved to $6.15–$6.23, up from $6.09–$6.21, and the prior revenue range was $990M–$1,002M. (SEC EDGAR (Progress 8-K, Exhibit 99.1); Pulse 2.0)