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Progress Software raises FY24 EPS view to $4.75-$4.85 from $4.70-$4.80

Progress Software raises FY24 EPS view to $4.75-$4.85 from $4.70-$4.80

Consensus $4.75. Raises FY24 revenue view to $745M-$755M from $725M-$735M, consensus $730.02M. Lowers FY24 effective tax rate view to 19% from 20%. The company said, “Our updated guidance for FY 2024 and Q4 2024 assumes one month of contribution from our proposed acquisition of ShareFile.”

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