Progress Software (PRGS) Tops Q4 EPS by 4c; Guides Q1, FY16

Progress Software (NASDAQ: PRGS) reported Q4 EPS of $0.53, $0.04 better than the analyst estimate of $0.49. Revenue for the quarter came in at $112.7 million versus the consensus estimate of $115.96 million.

GUIDANCE:

Progress Software sees Q1 2016 EPS of $0.27-$0.29, versus the consensus of $0.30. Progress Software sees Q1 2016 revenue of $92-94 million, versus the consensus of $97.5 million.

Progress Software sees FY2016 EPS of $1.59-$1.65, versus the consensus of $1.56. Progress Software sees FY2016 revenue of $427-433 million, versus the consensus of $428.0 million.

For earnings history and earnings-related data on Progress Software (PRGS) click here.

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