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Progress Software (PRGS) reported its Q3 earnings, showing a 2% year-over-year increase in revenue to $179 million on both an actual and a constant currency basis. The company’s Annualized Recurring Revenue (ARR) remained relatively flat at $582 million. The company provided guidance for the fourth quarter of 2024, indicating that after the first billing cycle with ShareFile, it expects ShareFile's adjusted free cash flow to become increasingly positive throughout 2025.
$ISPR Earnings: - Revenue increased 31.4% to $151.9 million as compared to $115.6 million in the 2023 fiscal year. - Gross profit increased 43.3% to $29.8 million compared to $20.8 million in the 2023 fiscal year. - Gross margin increased to 19.6% as compared to 18.0% in the… https://t.co/yHQbQtWY75
$PRGS 🚨 So many play today but $PRGS was A+ for community 4$/share Reward with 1$/share Risk Setup: Gap & Go System: Ripster Clouds & PM Levels Voice Guidance @TENETTRADEGROUP https://t.co/LP1Ir7N0hI
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