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Progress Software (PRGS) -8.1% after announcing CEO Jay Bhatt is resigning as of Dec. 7, and...

Progress Software (PRGS) -8.1% after announcing CEO Jay Bhatt is resigning as of Dec. 7, and withdrawing its guidance for FQ4 (Nov. quarter) constant currency Y/Y revenue growth of -2% to +1%. Phil Pead, previously non-executive chairman, has been named executive chairman while a search begins for a new CEO. (PR)
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