Progress Software: Fiscal 2Q Earnings Snapshot
BEDFORD, Mass. (AP) _ Progress Software Corp. (PRGS) on Thursday reported fiscal second-quarter profit of $8.2 million.
On a per-share basis, the Bedford, Massachusetts-based company said it had profit of 18 cents. Earnings, adjusted for one-time gains and costs, were 65 cents per share.
The business software maker posted revenue of $100 million in the period. Its adjusted revenue was $103.5 million.
For the current quarter ending in September, Progress Software expects its per-share earnings to range from 68 cents to 70 cents.
The company said it expects revenue in the range of $109 million to $112 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $113.7 million.
Progress Software expects full-year earnings in the range of $2.52 to $2.57 per share, with revenue ranging from $422 million to $428 million.
Progress Software shares have risen 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $40.63, a climb of 17% in the last 12 months.