tiprankstipranks
Trending News
More News >

Progress Software raises FY25 EPS view to $5.28-$5.40 from $5.25-$5.37

Consensus $5.29. Raises FY25 revenue view to $962M-$974M from $958M-$970M, consensus $963.49M. Sees FY25 operating margin 38%. Sees FY25 adjusted free cash flow $283M-$294M. Sees FY25 effective tax rate 20%. “Our second quarter performance reflects the continued strong execution by our teams and this is further reflected in our increase to full year guidance across the board,” said Anthony Folger, CFO of Progress Software (PRGS). “Our ShareFile business is progressing well and we are ahead of schedule with the integration and moving swiftly towards reaching our synergy targets. On the balance sheet, we again made significant progress on paying down our revolving credit facility, with another $40 million this quarter, putting us on a solid trajectory to hit our goal of $160 million debt paydown this year.”

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1