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Nov 30, 2020
Progress Software Q4 2020 Earnings Report
Progress Software's Q4 2020 results reflected solid execution, driving growth and operating leverage, with the acquisition of Chef bolstering position in DevOps market and driving fiscal 2021 revenue growth.
Key Takeaways
Progress reported a 5% year-over-year increase in revenue to $122.4 million for Q4 2020. Diluted earnings per share was $0.39, while non-GAAP diluted earnings per share was $0.91, a 15% increase compared to the same quarter last year. The company completed the acquisition of Chef Software on October 5, 2020, which is expected to contribute to future growth.
Revenue increased 5% year-over-year to $122.4 million.
Non-GAAP revenue increased 5% year-over-year to $129.1 million.
Diluted earnings per share was $0.39, compared to a diluted loss per share of $0.11 in the same quarter last year.
Non-GAAP diluted earnings per share was $0.91, a 15% increase compared to $0.79 in the same quarter last year.
Revenue by Segment
Forward Guidance
Progress provides the following guidance for the fiscal year ending November 30, 2021 and for the fiscal first quarter ending February 28, 2021, together with actual results for the same periods in the fiscal year ending November 30, 2020
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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