Progress Software Corporation (NASDAQ:PRGS) will be discussing 2Q20 financial results with the investment community.on 25th June 2020 at 5:00 PM eastern time.
Those interested in listening to the conference call live via the Internet can visit investors.progress.com/events-and-presentations
Investors who wish to participate in the conference call may call, 800-458-4121 U.S., when prompted, enter passcode 5687996
Earnings Expectation
Progress Software Corporation is reporting second quarter earnings results on Thursday 25th June 2020, after market close. The consensus estimates from Thomson Reuters are income of $ 0.62 per share from $ 98.33 million in revenue. For the full year, analysts predict revenues of $ 430.62 million, while looking forward to income of $ 2.78 per share.
The Company Outlook
Earnings for 2Q20 are anticipated in a range of $ 0.60 ~ $ 0.64 per share, while revenues are expected in a range of $ 95.00 million ~ $ 101.00 million
Full Year 2020 topline are forecasted in a range of$ 428.00 million ~ $ 438.00 million, where as bottomline are predicted in a range of $ 2.73 ~ $ 2.80 per share
Progress Software Corporation develops business applications worldwide. The company operates in three segments: OpenEdge, Data Connectivity and Integration, and Application Development and Deployment. The OpenEdge segment offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities; Progress Kinvey, a platform for building enterprise applications; NativeScript, an open-source application development platform; and DataRPM, a cognitive predictive maintenance solution for industrial IoT.
