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See more | Photo caption Greek fury Greek police clash with protesters in Greece's biggest anti-austerity demonstration in months. Slideshow Psy's Gangnam style Psy is the latest musical sensation to burst upon the world from South Korea with his video "Gangnam Style." Slideshow Progress Software profit beats estimates on cost cuts Tweet Share this Email Print Related News Oracle sees software growth amid weak hardware sales Thu, Sep 20 2012 Tibco sees fourth quarter below estimates Thu, Sep 20 2012 Jefferies shares drop sharply on weak operating results Thu, Sep 20 2012 Adobe sees slower revenue during shift to subscriptions Wed, Sep 19 2012 Transat swings to profit on cost cuts, shares up Thu, Sep 13 2012 Related Topics Tech » Wed Sep 26, 2012 5:04pm EDT (Reuters) - Database management software maker Progress Software Corp (PRGS.O) reported a third-quarter profit that beat analysts' estimates, helped by cost cuts. The company's net income from continuing operations fell to $5.8 million, or 12 cents per share, from $9.1 million, or 14 cents per share, a year earlier. Excluding items, it earned 31 cents per share. Revenue fell 14 percent to $107.2 million. Analysts expected earnings of 24 cents per share on revenue of $112.3 million, according to Thomson Reuters I/B/E/S. Shares of the Bedford, Massachusetts-based company rose 3 percent in after hours trading on Wednesday. They closed at $19.16 on the Nasdaq. (Reporting By Aditya Kondalamahanty in Bangalore; Editing by Anil D'Silva) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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