Progress® Software Reports 2008 Third Quarter Results
http://newsroom.progress.com/phoenix.zhtml?c=86919...
Progress Software announced results for its third quarter ended August 31, 2008. Revenue for the quarter was $127 million, up 4 percent from $122 million in the third quarter of fiscal 2007. Software license revenue increased 5 percent to $46.0 million from $44.0 million in the same quarter last year. Joseph Alsop, Co-Founder and CEO of Progress Software, stated: "Our results for fiscal Q3 were solid, with strong profitability, despite the increasing turmoil in certain markets we serve. We are particularly pleased by the strong performance delivered by our Apama®, DataDirect®, and DataXtend® Semantic Integrator product lines and we are pleased to welcome many outstanding people from IONA to the Progress Software organization."
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