Progress Reports 2020 Fiscal Fourth Quarter and Year End Results
Solid Execution Drove Growth and Operating Leverage
Acquisition of Chef Bolsters Position in DevOps Market and Drives Fiscal 2021 Revenue Growth
BEDFORD, Mass., Jan. 14, 2021 (GLOBE NEWSWIRE) Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced results for its fiscal fourth quarter and fiscal year ended November 30, 2020.
Fourth Quarter 2020 Highlights:
Revenue of $122.4 million increased 5% year-over-year on an actual currency basis, and 4% on a constant currency basis.
Non-GAAP revenue of $129.1 million increased 5% on an actual currency basis, and 4% constant currency basis.
Operating margin was 15% and Non-GAAP operating margin was 37%.