Progress Software Corp. PRGS, +3.48% shares rallied in the extended session Thursday after the company topped Wall Street estimates for the quarter and hiked its outlook. Progress Software shares rallied 18% after hours, following a 3.5% gain to close the regular session at $38.32. The company reported fiscal first-quarter net income of $9.4 million, or 21 cents a share, compared with $13.7 million, or 29 cents a share, in the year-ago period. Adjusted earnings were 50 cents a share.
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