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NASDAQ:PRGS

Progress Software Q4 2016 Earnings Results & Report

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$46.20 -0.25 (-0.54%)
As of 12:46 PM Eastern
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Progress Software beat analyst earnings expectations but missed on revenue in its Q4 2016 results, released January 16, 2017. The company reported EPS of $0.55 versus the $0.48 consensus estimate, while revenue of $118.00 million fell short of the $123.51 million estimate by $5.51 million. Revenue increased 2.3% year over year.

Earnings Announcement Details

Quarter
Q4 2016
Report Date
Time
Before Market Opens

Progress Software EPS Results

Actual EPS
$0.55
Consensus EPS
$0.48
Beat/Miss
Beat by +$0.07
One Year Ago EPS
$0.53
EPS Beat Rate
8 of last 8 quarters

Progress Software Revenue Results

Actual Revenue
$118.00 million
Expected Revenue
$123.51 million
Beat/Miss
Missed by -$5.51 million
YoY Revenue Growth
+2.30%

Conference Call Resources

Progress Software Q4 2016 Earnings FAQ

Progress Software (NASDAQ:PRGS) reported earnings of $0.55 per share for Q4 2016, beating the consensus estimate of $0.48. The report was announced on Monday, January 16, 2017.

Progress Software reported revenue of $118.00 million for Q4 2016, against a consensus estimate of $123.51 million.

Progress Software Earnings Headlines

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About Progress Software

Progress Software (NASDAQ:PRGS) (NASDAQ: PRGS) develops enterprise software designed to help organizations build, deploy, integrate, secure and manage business applications and digital services. Its portfolio supports application development, data connectivity, application integration, file transfer, network monitoring and digital experience management across cloud, on-premises and hybrid environments.

The company’s products include OpenEdge for developing and operating business applications; Telerik and Kendo UI development tools; DataDirect data connectivity technologies; Sitefinity digital experience software; WhatsUp Gold network monitoring; MOVEit managed file transfer; and Chef automation and infrastructure-management tools. Progress also offers application delivery and integration technologies associated with its Kemp and MarkLogic businesses.

Progress was founded in 1981 and is headquartered in Burlington, Massachusetts. The company serves customers in a range of industries and operates internationally, providing software and related services to organizations across North America, Europe, Asia-Pacific and other global markets.

View Progress Software Profile