Progress Software (PRGS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Progress Software (PRGS) reported $175.08 million in revenue for the quarter ended May 2024, representing a year-over-year decline of 2.3%. EPS of $1.09 for the same period compares to $1.06 a year ago. The reported revenue represents a surprise of +3.85% over the Zacks Consensus Estimate of $168.6 million. With the consensus EPS estimate being $0.95, the EPS surprise was +14.74%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...