Progress Software Corp Q4 Earnings Climb 13%

(RTTNews) - Progress Software Corp (PRGS) released a profit for its fourth quarter that advanced from last year.

The company said its bottom line came in at $27.27 million, or $0.53 per share. This was up from $24.07 million, or $0.47 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.49 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.9% to $115.38 million. This was up from $97.89 million last year.

Progress Software Corp earnings at a glance:

-Earnings (Q4): $27.27 Mln. vs. $24.07 Mln. last year. -Earnings Growth (Y-o-Y): 13.3% -EPS (Q4): $0.53 vs. $0.47 last year. -EPS Growth (Y-o-Y): 12.8% -Analysts Estimate: $0.49 -Revenue (Q4): $115.38 Mln vs. $97.89 Mln last year. -Revenue Change (Y-o-Y): 17.9%

-Guidance: Next quarter EPS guidance: $0.27 - $0.29 Next quarter revenue guidance: $92 - $94 Mln Full year EPS guidance: $1.59 - $1.65 Full year revenue guidance: $427 - $433 Mln