Progress Software (PRGS) PT Raised to $70 at DA Davidson

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Go back to Progress Software (PRGS) PT Raised to $70 at DA Davidson

Progress Announces Third Quarter 2024 Financial Results

September 24, 2024 4:15 PM EDT

Progress Q3'24 Tops High End of Estimates
Expects to Close ShareFile Acquisition in Fiscal 2024

BURLINGTON, Mass., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced financial results for its fiscal third quarter ended August 31, 2024.

Third Quarter 2024 Highlights1:

Revenue and non-GAAP revenue of $179 million increased 2% year-over-year on both an actual and a constant currency basis.Annualized Recurring Revenue (ARR) of $582 million... More