Market Overview

Progress Software Reports 2010 Q3 Results; EPS $.56

Progress Software Corporation (NASDAQ: 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.

Posted-In: Earnings News

 

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