Progress Software (PRGS +12.2%) soars after posting its FQ3 report. Though results were mixed -...

|About: Progress Software Corporation (PRGS)|By:, SA News Editor

Progress Software (PRGS +12.2%) soars after posting its FQ3 report. Though results were mixed - EPS of $0.31 beat by $0.07, but revenue of $107.2M (-14% Y/Y) missed by $5.1M - the BPM software provider guided for FQ4 constant currency Y/Y revenue growth of -2% to +1% for its core ops - that's likely a little better than a consensus for an 8.2% total revenue drop in actual dollars.