Progress Software Corporation , a global software company that simplifies and enables the development, deployment and management of business applications, today announced results for its fiscal second quarter ended May 31, 2015.
Revenue in the quarter was $88.8 million compared to $80.8 million in the same quarter last year, a year over year increase of 10% on an actual currency basis and 19% on a constant currency basis. On a non-GAAP basis, revenue was $100.9 million compared to $80.8 million in the same quarter last year.
On a GAAP basis in the fiscal second quarter of 2015:
Revenue was $88.8 million compared to $80.8 million YoY
Loss from operations was $2.7 million down from income of $20.3 million YoY
Net income was $5.8 million compared to $12.8 million
Diluted earnings per share was $0.11 compared to $0.25
Revised guidance for the fiscal year ending November 30, 2015:
Non-GAAP revenue is expected to be between $415 million or above
Non-GAAP earnings per share is expected to be between $1.45 and $1.52
Non-GAAP operating margin is expected to be approximately 28%
Free cash flow is expected to be between $92 million and $95 million
Non-GAAP effective tax rate is expected to be approximately 33%
View the full earnings release (PDF) here.