ProgressSoftware Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, announced today results for its first quarter ended February 28, 2010. On a generally accepted accounting principles (GAAP) basis, revenue for the quarter was $127.5 million, up 6 percent from $120.9 million in the first quarter of fiscal 2009. On a non-GAAP basis, revenue totaled $128.0 million, up 5 percent from the year ago period. Software license revenue increased 3 percent to $47.1 million from $45.9 million in the same quarter last year.
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