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Progress Software Corporation (NASDAQ:PRGS) Q4 2024 Earnings Call Transcript

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Q4 2024 Earnings Call Transcript January 21, 2025 Progress Software Corporation beats earnings expectations. Reported EPS is $1.33, expectations were $1.21. Operator: Good day, and welcome to the Progress Software Corporation Q4 2024 Earnings Call.
The article provides a transcript of Progress Software Corporation's (NASDAQ: PRGS) Q4 2024 earnings call. During the call, CEO Yogesh Gupta and CFO Anthony Folger discussed the company's financial performance for the fourth quarter and the full year of 2024. Key highlights include a year-over-year revenue increase, driven by strong demand for their products like OpenEdge, DataDirect, and Sitefinity. They also touched on strategic acquisitions, the expansion of their cloud and AI capabilities, and their outlook for 2025, which anticipates continued growth. The call also covered operational efficiencies, customer retention rates, and the company's approach to managing costs amidst economic uncertainties. Additionally, there was a Q&A session where analysts asked about market conditions, product development, and future growth strategies.

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