Core Insights - Progress Software's international operations are crucial for understanding its financial resilience and growth potential [1][2] - The company's total revenue for the quarter was $238.02 million, reflecting a year-over-year increase of 28.9% [4] International Revenue Breakdown - Latin America generated $5.05 million, accounting for 2.12% of total revenue, which was a decrease of 18.78% from the expected $6.22 million [5] - Europe, Middle East, and Africa contributed $66.94 million, making up 28.12% of total revenue, which was 9.63% lower than the consensus estimate of $74.08 million [6] - Asia Pacific contributed $11.37 million, representing 4.78% of total revenue, exceeding expectations by 12.73% [7] Future Revenue Projections - For the current fiscal quarter, total revenue is anticipated to be $237.85 million, a 35.9% increase year-over-year, with expected contributions of 2.1% from Latin America, 28.2% from Europe, Middle East, and Africa, and 4.8% from Asia Pacific [8] - For the full year, total revenue is projected to reach $965 million, up 28.1% from the previous year, with specific contributions from each region outlined [9] Conclusion on International Operations - The reliance on global markets presents both opportunities and challenges for Progress Software, making the analysis of international revenue trends essential for forecasting future performance [10] - Analysts closely monitor these trends to adjust earnings forecasts, which significantly influence stock prices [11]
Interpreting Progress Software (PRGS) International Revenue Trends