Progress Software Corporation (NASDAQ:PRGS) has released the financial results for the fourth quarter ended November 30, 2009. The company reported GAAP revenue of $136.8 million, 2% down from the $139.4 million for the same period of fiscal 2008. Non-GAAP revenue reached $136.9 million, showing a 4% decrease over the year ago period. The full financial report is available on the company’s website, www.progress.com/investors.
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A webcast was held to review the financial results on Tuesday, December 22. A webcast of the presentation is available for replay on the company’s investor website. The call will be archived on the site along with its accompanying slide presentation.
Progress Software Corporation develops markets and distributes application infrastructure software for the development, deployment, integration and management of business applications software. The Company’s product lines are organised into four business units: OpenEdge, Integration Infrastructure, Apama and Data Infrastructure. The OpenEdge products empower both end user organizations and independent software vendor (ISVs) to develop, deploy and manage sophisticated applications utilized in an ever-changing business environment. The integration infrastructure products use a service oriented architecture (SOA) approach where information systems are built from shared components called services, which automate discrete business functions. The Apama products provide platforms for building event-driven applications. The data infrastructure products provide data management, data integration, replication, caching, access, and security capabilities spanning multiple data stores.
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