Progress Software Reports 2010 Q3 Results; EPS $.56

Progress Software Corporation PRGS announced today results for its third fiscal quarter ended August 31, 2010. On a non-GAAP basis: -- Operating income increased 59 percent to $39.7 million in the third quarter of fiscal 2010 as compared to $24.9 million in the same quarter last year; -- Non-GAAP net income increased 52 percent to $25.0 million from $16.5 million in the same quarter last year; -- Non-GAAP diluted earnings per share increased 40 percent to 56 cents in the third quarter of fiscal 2010 as compared to 40 cents in the same quarter last year.