Progress Reports 2018 Fiscal Fourth Quarter and Year End Results
Summary
Through our sustained focus on running lean operationally, we have reduced our annual expenses by almost $40 million over the past two years and are well-positioned for continued financial success as we enter 2019.” Progress offers powerful tools for easily building adaptive user experiences across any type of device or touchpoint, award-winning machine learning that enables cognitive capabilities to be a part of any application, the flexibility of a serverless cloud to deploy modern apps, business rules, web content management, plus leading data connectivity technology. Note that acquisition-related revenue adjustments relate to Progress OpenEdge and Application Development and Deployment business segments for Kinvey and Telerik, respectively. (2) Loss on assets held for sale represents two buildings on our Bedford campus that the Company is actively marketing and intends to sell within one year. (2) Loss on assets held for sale represents two buildings on our Bedford campus that the Company is actively marketing and intends to sell within one year.
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