Progress Software Q4 2020 Earnings Report
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.
Progress Software
Progress Software
Progress Software 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