WASHINGTON (dpa-AFX) - Progress Software Corp (PRGS) revealed a profit for
first quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $22.64 million, or $0.51 per share. This
compares with $23.67 million, or $0.53 per share, in last year's first quarter.

Excluding items, Progress Software Corp reported adjusted earnings of $55.93
million or $1.25 per share for the period.

Analysts on average had expected the company to earn $1.14 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 11.5% to $184.68 million from $165.61
million last year.

Progress Software Corp earnings at a glance (GAAP) :

-Earnings (Q1): $22.64 Mln. vs. $23.67 Mln. last year.
-EPS (Q1): $0.51 vs. $0.53 last year.
-Revenue (Q1): $184.68 Mln vs. $165.61 Mln last year.

-Guidance:
Full year EPS guidance: $4.65 - $4.75
Full year revenue guidance: $722 - $732 Million


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