earnings
confidence high
sentiment positive
materiality 0.70
Progress beats Q2 FY2022; EPS $0.66 ($1.04 non-GAAP), revenue $148.7M, raises non-GAAP EPS guidance
PROGRESS SOFTWARE CORP /MA
2022-Q2 EPS reported
$1.11
revenue$293,669,000
- Revenue $148.7M (+21% YoY) exceeded prior guidance; operating margin 27% GAAP, 41% non-GAAP.
- GAAP diluted EPS $0.66 (up 120% YoY); non-GAAP diluted EPS $1.04 (up 27% YoY).
- ARR $486M increased 13% year-over-year on a constant currency basis.
- Q3 FY2022 guidance: GAAP revenue $145-148M, non-GAAP EPS $0.96-0.98.
- Quarterly dividend of $0.175 declared, payable Sept 15, 2022 to holders of record Sept 1.