Progress Software Beats Q3 Estimates: Guidance Raise to Lift Shares?
Progress Software (PRGS) posted third-quarter fiscal 2024 non-GAAP earnings of 179 million beat the consensus mark by 1.67% and increased 2% year over year on an actual and constant-currency basis. The upside can be attributed to stronger-than-expected demand for multiple products in PRGS's portfolio, particularly OpenEdge, DevTools, Sitefinity, Loadmaster, Flowmon and MOVEit. On a cons ...