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PROGRESS SOFTWARE REPORTS UNAUDITED RESULTS FOR FOURTH QUARTER AND FISCAL YEAR 1992

 BEDFORD, Mass., Dec. 28 /PRNewswire/ -- Progress Software Corporation (NASDAQ-NMS: PRGS) today announced unaudited results for its fourth quarter ended Nov. 30, 1992. Revenue for the quarter increased 40 percent to $24,416,000, up from $17,407,000 in 1991. Operating income increased 37 percent to $3,968,000, up from $2,889,000. Net income increased 32 percent to $3,005,000, up from $2,276,000. Earnings per share increased 31 percent to 47 cents up from 36 cents.
 For the full fiscal year ended Nov. 30, 1992, revenue increased 46 percent to $85,050,000, up from $58,300,000 in FY 1991. Operating income increased 52 percent to $13,105,000, up from $8,621,000. Net income increased 58 percent to $9,613,000, up from $6,088,000. Earnings per share increased 43 percent to $1.50 up from $1.05, assuming full dilution.
 The company plans to release audited results on Monday, Jan. 11, 1993, after which it will also hold the normal quarterly conference call. The company has also updated its shareholder information line, 617-280-4450.
 -0- 12/28/92
 /CONTACT: Tony Dolph of Progress Software Corporation, 617-280-4477/
 (PRGS)


CO: Progress Software ST: Massachusetts IN: CPR SU: ERN

CH -- NE006 -- 0164 12/28/92 17:00 EST
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Publication:PR Newswire
Date:Dec 28, 1992
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