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Progress Software Corp  (PRGS)
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The company announced a reasonable performance, during the June to August 31 2022 time-frame

Progress Software Corp recorded third quarter of 2022 operating profit of $32.021 millions

Published 2022-10-07T12:45:40+00:00
Goran Soko / CSIMarket.com Contributer

podium_By_James38_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsRevenue improvement of 2.578 %, could not prevent income contraction of -28.57 % in the most recent fiscal period, relative to similar financial reporting period a year before. Revenues were at $151.22 millions and eps at $0.50.

In comparison to the preceding financial reporting period income faded by -24.24 % from $0.66 per share and Revenues grew by 1.661 % from $148.75 millions.


Bottom-line of $21.797 millions in the third quarter of 2022 earnings season fell by -29.63 % from $30.976 millions in the corresponding period a year before. Progress Software Corp shifted it's focus on improving sales in the third quarter of 2022 earnings season, as a result net margin eased to 14.41%.
Operating earnings, fell -30.46% to $32.021 millions, squeezing Progress Software Corp's operating margin to %.

Progress Software Corp is expected to report next financial results on January 26, 2023.


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Other PRGS's Earnings Reports

Progress Software reported second quarter 2022 earnings

Progress Software reported first quarter 2022 earnings

Progress Software reported fourth quarter 2021 earnings

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