Progress Software (PRGS $23.88 -1.81) expects to see earnings of $0.37
to $0.38 versus the $0.42 consensus, down from $0.41 to $0.43 seen previously
and expects revenues to be $134 million versus the $137.2 million consensus,
down from $136 million to $139 million seen previously.
"Our revenue this quarter fell short of our expectations primarily due to
performance within the Enterprise Data Solutions (EDS) business segment. We will
continue to focus on improving our execution in this segment. In addition, our
results were also impacted by increased investments in our sales and
professional services organization. Other segments of our business met our
expectations. We will provide updated guidance for the fiscal year in our
earnings release on Tuesday, June 28th and on our conference call on Wednesday,
June 29th, 2011."






