Progress Software Corp. (PRGS) on Monday reported fiscal first-quarter profit of $22.8 million. On a per-share basis, the Burlington, Massachusetts-based company said it had profit of 53 cents.

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Progress Software is expected to report lackluster Q1 results, with analysts projecting conservative revenue and EPS figures.

Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal first quarter ...