Pictures

Photo

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Photo

Best of Cannes

Style and scenes from the Cannes Film Festival.  Slideshow 

Photo

Ethiopia's salt trails

For centuries merchants have traveled to Ethiopia to collect salt from the surface of the vast desert basin.  Slideshow 

Sponsored Links

Progress Software profit beats estimates on cost cuts

Related Topics

Wed Sep 26, 2012 5:04pm EDT

(Reuters) - Database management software maker Progress Software Corp (PRGS.O) reported a third-quarter profit that beat analysts' estimates, helped by cost cuts.

The company's net income from continuing operations fell to $5.8 million, or 12 cents per share, from $9.1 million, or 14 cents per share, a year earlier.

Excluding items, it earned 31 cents per share.

Revenue fell 14 percent to $107.2 million.

Analysts expected earnings of 24 cents per share on revenue of $112.3 million, according to Thomson Reuters I/B/E/S.

Shares of the Bedford, Massachusetts-based company rose 3 percent in after hours trading on Wednesday. They closed at $19.16 on the Nasdaq.

(Reporting By Aditya Kondalamahanty in Bangalore; Editing by Anil D'Silva)
Tech
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.