Progress Software Reports Q1 EPS of $0.42 vs. $0.42

Progress Software Corporation PRGS announced today results for its fiscal first quarter ended February 28, 2011. On a non-GAAP basis, revenue totaled $134.3 million, also up 5 percent compared to the same period a year ago. Software license revenue increased 9 percent to $51.3 million from $47.1 million in the same quarter last year. Non-GAAP diluted earnings per share increased 20 percent to 42 cents compared to 35 cents in the same quarter last year.