Progress Software Corp /Ma Q3 FY2024 Earnings Call

Progress Software Corp /Ma (PRGS)

Earnings Call FY2024 Q3 Call date: 2024-09-24 Concluded

Quarter scorecard

Revenue

$178.69M

+2.1% YoY

Diluted EPS

$0.65

+54.8% YoY

Gross margin

83.7%

+2.5 pp YoY

Net income

$28.46M

+49% YoY

Maintenance and Services $120.84M

-2.9%

Software Licenses $57.85M

+14.5%

Buybacks (derived)

$14.33M

Shares repurchased

300,000