Progress Software Corp (NASDAQ: PRGS) shares are rising in extended trading on Monday after the company reported better-than-expected financial results for the third quarter.
- Q3 Revenue: $249.8 million, versus estimates of $240.11 million
- Q3 Adjusted EPS: $1.50, versus estimates of $1.30
PRGS is surging to new heights today. Get the market research here.
Revenue for the third quarter was up 40% on a year-over-year basis as annual recurring revenue increased 47$% year-over-year to $849 million.
“Our third quarter performance was truly exceptional. Net retention remains strong at 100%, while ARR …