Progress Software Q2 Adj. EPS $1.62 Beats $1.49 Estimate, Sales $253.465M Beat $242.741M Estimate

Progress Software (NASDAQ: PRGS ) reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.49 by 8.72 percent. This is a 15.71 percent increase over earnings of $1.40 per share from the same period last year. The company reported quarterly sales of $253.465 million which beat the analyst consensus estimate of $242.741 million by 4.42 percent. This is a 6.79 percent increase over sales of $237.355 million the same period last year.