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Progress Software GmbH Christophstr. 15-17 50670 Köln, Germany http://www.progress.com
Contact Ms Susanne Schuppel +49 221 935790
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Progress Software GmbH

Progress Software Reports First Quarter Results

Revenue Increases 20 Percent to an All-Time High

(PresseBox) (Bedford, Mass., )
Progress Software Corporation (Nasdaq: PRGS), a supplier of leading technology to develop, deploy, integrate and manage business applications, today announced results for its first quarter ended February 29, 2004. Revenue for the quarter was a record $86.4 million, up 20 percent (11 percent at constant currency) from $71.8 million in the first quarter of 2003. Software license revenue increased 33 percent (24 percent at constant currency) to $33.9 million from $25.5 million in the same quarter last year.

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