Progress Software (NASDAQ:PRGS) reported its Q4 earnings results on Tuesday, January 18, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Progress Software beat estimated earnings by 24.32%, reporting an EPS of $0.92 versus an estimate of $0.74, which surprised analysts.
Revenue was up $14.66 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.36, which was followed by a 14.91% increase in the share price the next day.
Here's a look at Progress Software's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.82 | 0.72 | 0.75 | 0.77 |
| EPS Actual | 1.18 | 0.82 | 0.95 | 0.91 |
| Revenue Estimate | 131.07M | 121.86M | 121.39M | 128.01M |
| Revenue Actual | 152.60M | 129.20M | 131.78M | 129.06M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
