earnings
confidence high
sentiment neutral
materiality 0.70
Progress Q3 beats guidance: revenue $151M, non-GAAP EPS $1.00; FY22 non-GAAP EPS guidance raised
PROGRESS SOFTWARE CORP /MA
2022-Q3 EPS reported
$1.61
revenue$444,886,000
- GAAP revenue $151.2M (+3% YoY), diluted EPS $0.50 (-29%); non-GAAP EPS $1.00 (-15%).
- Annualized Recurring Revenue (ARR) $495M, up 13% on constant currency basis.
- Q4 FY22 guidance: GAAP revenue $156-164M, non-GAAP EPS $1.06-1.10.
- Board declared $0.175/share quarterly dividend, payable Dec 15, 2022.
- FX headwind estimated at ~$15.9M on FY revenue; results exceeded high end of guidance range.