Progress Software Corporation Provides Earnings Guidance for the First Quarter Ending February 29, 2020 and Fiscal Year Ending November 30, 2020; Announces Impairment Charges for the Fourth Quarter Ended November 30, 2019
January 17, 2020 at 02:45 am IST
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Progress Software Corporation provided earnings guidance for the first quarter ending February 29, 2020 and fiscal year ending November 30, 2020. For the first quarter of fiscal year 2020, the company expects revenue to be in the range of $106 million to $109 million and diluted earnings per share to be in the range of $0.40 to $0.42.
For the fiscal year 2020, the company expects revenue to be in the range of $440 million to $447 million and diluted earnings per share to be in the range of $1.96 to $2.01.
The company also announced impairment of intangible & long-lived assets was $24,096,000 for the fourth quarter ended November 30, 2019.
Progress Software Corporation is a provider of infrastructure software. The Company provides software that enables organizations to develop and deploy their applications, as well as manage their data platforms, cloud and information technology infrastructure. Its global professional services organization delivers business solutions for customers through a combination of products, consulting and education. The Company's consulting organization offers project management, implementation services, custom software development, programming and other services. Its services include application modernization, infrastructure automation, development operations, data management and managed database services, performance enhancements and tuning, and analytics/business intelligence. Its products include OpenEdge, Chef, Developer Tools, Kemp LoadMaster, MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, Corticon, MarkLogic and Semaphore. Semaphore is a semantic artificial intelligence platform.
Progress Software Corporation Provides Earnings Guidance for the First Quarter Ending February 29, 2020 and Fiscal Year Ending November 30, 2020; Announces Impairment Charges for the Fourth Quarter Ended November 30, 2019
PROGRESS SOFTWARE CORPORATION 
