Progress Software ( (PRGS) ) has provided an announcement.
Progress, the AI-powered infrastructure software provider, has exceeded its third-quarter financial estimates, showcasing a revenue increase and significant earnings per share growth compared to the previous year. The company is also on the cusp of acquiring ShareFile, which is anticipated to close within the fiscal year, marking an exciting time for growth and integration. Progress has updated its fiscal year and fourth-quarter guidance to reflect contributions from ShareFile, with a positive outlook despite the suspension of its quarterly dividend to reallocate capital towards debt repayment and potential acquisitions.
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