Progress Software Corporation (NASDAQ:PRGS) Q1 2024 Earnings Call Transcript

Anthony Folger: Sure, Pinjalim. Yes, I would say that the trends for us have been generally consistent. We do see sort of a seasonal move in ARR because we’re a software company where contracts can lapse, we’ve generally seen a step down from Q4 to Q1. It’s not uncommon for us in terms of ARR. And so we saw that again this quarter. I think it may be slightly higher than what it was last year. But from our perspective, in terms of what comes back into the tail [ph] in Q2 and just trends in the business, I don’t see it as anything meaningful in terms of incremental churn in the quarter.

Pinjalim Bora: Got it. Thank you.

Operator: Thank you. I’m showing no further questions in the queue at this time. I would now like to turn the call back over to Mr. Yogesh Gupta for any closing remarks.

Yogesh Gupta: Well, thank you, everyone, for joining our call, and we look forward to speaking with you again in a quarter. Thank you. Bye, bye.

Operator: Thank you all for participating. This concludes today’s program. You may now disconnect.