The Boston Globe

Business

Mass. Movers

Profit slips, but Progress rises

Progress Software’s market includes the airline industry.

Getty Images/File 2012

Progress Software’s market includes the airline industry.

Progress Software Corp.’s third-quarter earnings fell 36 percent as its software-license revenue continued to decline, Dow Jones reported. However, the shares climbed 2.3 percent to $19.60 in after-hours trading on Wednesday, because adjusted earnings beat expectations. On Thursday, the stock rose again — by nearly 11 percent. Progress Software describes itself as a software company that “simplifies and enables the development, deployment and management of business applications.”