Progress Software Q1 Adj. EPS $1.60 Beats $1.57 Estimate, Sales $247.799M Beat $246.401M Estimate

Progress Software (NASDAQ: PRGS) reported Q1 adjusted earnings per share of $1.60, surpassing the analyst estimate of $1.57 by 2.04%. This represents a 22.14% increase compared to $1.31 per share from the same period last year. The company's quarterly sales reached $247.799 million, exceeding the $246.401 million estimate by 0.57% and marking a 4.11% increase from $238.015 million in the prior year.