Progress Software surpasses Zacks Consensus Estimate of $1.49 per share, reporting adjusted earnings of $1.62 for the quarter.
Progress Software reported second-quarter earnings of $1.62 per share, exceeding the Zacks Consensus Estimate of $1.49. The result reflects stronger-than-expected financial performance for the period.
In the same quarter last year, the company posted earnings of $1.4 per share. The figures are adjusted for non-recurring items, highlighting year-over-year growth.
Revenue for the quarter also outperformed expectations, though specific figures were not detailed in the release.