Progress Software Corp /Ma Q2 FY2023 Earnings Call

Progress Software Corp /Ma (PRGS)

Earnings Call FY2023 Q2 Call date: 2023-06-29 Concluded

Quarter scorecard

Revenue

$178.25M

+19.8% YoY

Diluted EPS

$0.27

-59.1% YoY

Gross margin

81.1%

-2.8 pp YoY

Net income

$12.09M

-58.5% YoY

Maintenance and Services $121.84M

+17.2%

Software Licenses $56.41M

+25.9%