Progress Software realizes 5% revenue increase

Progress Software Corp. (NASDAQ: PRGS) said that revenue from continuing operations was USD91.0m compared to USD86.6m in the same quarter last year, a year over year increase of five percent on an actual and constant currency basis.

On a GAAP basis in the fiscal fourth quarter of 2013, income from operations was USD23.9m compared to USD18.7m in the same quarter last year; income from continuing operations was USD14.6m compared to USD12.5m in the same quarter last year; net income was USD15.0m compared to USD36.0m in the same quarter last year.

Progress Software is a global software company that simplifies the development, deployment and management of business applications on-premise or in the cloud, on any platform or device, to any data source, with enhanced performance, minimal IT complexity and low total cost of ownership. Progress Software can be reached at www.progress.com.

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