Progress Software shares dip after Q2 beat, license sales top ARR
Progress Software Corporation stock fell in after-hours Tuesday. The company topped its Q2 targets and lifted full-year profit outlook, but revenue showed more weight from one-time license sales versus recurring revenue growth. Progress finished the regular session at $33.58, down 0.8%, before the company posted earnings right after the bell at 4:01 p.m. ET. Later, Google Finance quoted the shares at $32.51 in after-hours.