BEDFORD, Mass. (AP) _ Progress Software Corp. (PRGS) on Tuesday reported fiscal fourth-quarter earnings of $14.9 million.

The Bedford, Massachusetts-based company said it had net income of 33 cents per share. Earnings, adjusted for one-time gains and costs, were 92 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The business software maker posted revenue of $140.1 million in the period. Its adjusted revenue was $143.7 million.

For the year, the company reported profit of $78.4 million, or $1.76 per share. Revenue was reported as $557.3 million.

For the current quarter ending in March, Progress Software expects its per-share earnings to range from 83 cents to 85 cents.

The company said it expects revenue in the range of $139 million to $142 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $140.5 million.

Progress Software expects full-year earnings in the range of $3.95 to $4.05 per share, with revenue ranging from $605 million to $615 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRGS at https://www.zacks.com/ap/PRGS

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