June 19, 2021

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Advances in world technology

Progress Software program Company (NASDAQ:PRGS) – Progress Computer software: Q4 Earnings Insights

Shares of Development Program (NASDAQ:PRGS) fell 2.8% in immediately after-market place investing after the firm described Q4 benefits.

Quarterly Effects

Earnings per share enhanced 15.19% about the previous yr to $.91, which defeat the estimate of $.77.

Income of $129,063,000 rose by 4.58% from the exact same period of time last year, which conquer the estimate of $128,010,000.

Hunting In advance

Progress Software program Sees FY21 Adj. EPS $3.22-$3.28 vs $3.21 Estimate, Income $513M-$521M vs $516M Est.

Development Computer software Sees Q1 Adj. EPS $.72-$.76 vs $.81 Est., Adj. Revenue $119M-$123M vs $130.82M Est.

Conference Get in touch with Aspects

Day: Jan 14, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/hr3nd5rv

Current Stock Efficiency

52-7 days higher: $52.50

Firm’s 52-week lower was at $28.09

Selling price motion more than very last quarter: Up 33.07%

Organization Profile

Progress Software Company is a provider of cloud-dependent protection methods to large- and mid-sized corporations in a vast assortment of industries. The business operates in 3 segments: OpenEdge, which offers growth software for building multi-language purposes Information Connectivity and Integration, which focuses on data integration factors of its cloud offerings and Software Progress and Deployment, which focuses on developing application growth property for consumers. The business derives profits from perpetual licenses to its solutions, but some solutions also use term licensing versions. Its cloud-primarily based offerings use a membership-primarily based model. A vast majority of the firm’s profits is created in the United States, Europe, the Middle East, and Africa (EMEA).