Progress Software Corporation Updates Earnings Guidance for the Fiscal Year Ending November 30, 2022 and Provides Earnings Guidance for the Third Quarter of 2022
For the fiscal year, the company expected GAAP revenue to be in the range of $601 million to $609 million compared to prior guidance of $601 million to $609 million. GAAP income from operations is expected to be in the range of $133.5 million to $139.8 million. GAAP net income to be in the range of $93.7 million to $98.2 million. GAAP diluted earnings per share is expected to be in the range of $2.11 to $2.21 compared to prior guidance of $2.16 to $2.23.