Business management software company Progress Software Corp. said Thursday it expects its profit to be essentially flat in the third quarter and to rise for the full year.
The company said it expects to report profit between 29 cents and 31 cents per share.
Excluding one-time charges, the company said it anticipates profit of 43 cents to 45 cents per share.
In the year-ago quarter, the company earned 30 cents per share, or 44 cents per share if charges are excluded.
The company also said it expects revenue between $125 million and $127 million in the quarter.
For the year, Progress Software said it anticipates profit between $1.33 and $1.37 per share. Excluding charges, the company estimated profit of $1.91 to $1.95 per share.
In 2007, the company reported profit of 96 cents per share, or $1.76 per share excluding charges.
The company expects revenue of $518 million to $526 million for the full year. The company reported revenue of $493.5 million in the prior year.
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