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The Boston Globe

Business

Mass. Movers

Product line sales boost Progress Software

Bedford-based Progress Software Corp.’s fiscal fourth-quarter profit jumped as the company recorded gains from selling off several of its product lines. The company reported fourth-quarter earnings of $36 million, or 57 cents a share, on $91.3 million in revenue, compared with earnings of $12.2 million, or 19 cents, on sales of $93.5 million a year ago. Analysts had forecast the company to earn 34 cents.

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