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Nov 30, 2019
Progress Software Q4 2019 Earnings Report
Progress Software's Q4 2019 earnings exceeded annual guidance for revenue and achieved record cash flows.
Key Takeaways
Progress Software reported strong Q4 2019 results, exceeding revenue and EPS guidance. The company's recent acquisition, Ipswitch, contributed more than expected, validating their focus on accretive M&A. Progress anticipates continued momentum in 2020, driven by their strategic plan.
GAAP revenue was $117.0 million, a 19% year-over-year increase.
Non-GAAP revenue was $123.4 million, a 26% year-over-year increase.
GAAP diluted loss per share was $0.11, a 158% decrease.
Non-GAAP diluted earnings per share was $0.79, a 46% increase.
Progress Software
Progress Software
Progress Software Revenue by Segment
Forward Guidance
Progress provided guidance for the fiscal year ending November 30, 2020 and for the fiscal first quarter ending February 29, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income