Progress Software Earnings Reports

Progress Software reported Q1 2025 revenue of $238 million, reflecting a 29% year-over-year increase. Non-GAAP EPS rose to $1.31, while net income declined due to acquisition-related and restructuring costs. Strong ARR growth, controlled expenses, and continued integration of ShareFile supported performance.

Progress reported a 21% year-over-year increase in both revenue and non-GAAP revenue, reaching $215 million. Annualized Recurring Revenue (ARR) grew by 46% year-over-year to $842 million. The company's operating margin was 10%, while the non-GAAP operating margin was 37%. Diluted earnings per share decreased by 91% to $0.03, but non-GAAP diluted earnings per share increased by 30% to $1.33.

Progress announced its Q3 2024 financial results, with revenue and non-GAAP revenue increasing by 2% year-over-year to $179 million. Diluted earnings per share increased by 55% to $0.65, and non-GAAP diluted earnings per share increased by 17% to $1.26. The company also announced a definitive agreement to acquire ShareFile for $875 million in cash.

Progress announced strong financial results for the second quarter of fiscal year 2024, with revenues and EPS exceeding forecasts and ARR up by 1%. The company is focused on M&A, sales execution, customer success, innovation, and margins.

Progress announced strong financial results for the first quarter ended February 29, 2024, with revenue of $185 million, a 12% increase year-over-year. Diluted earnings per share was $0.51, while non-GAAP diluted earnings per share was $1.25, a 5% increase.

Progress reported a strong finish to fiscal 2023, with Q4 revenues increasing by 13% year-over-year to $177.0 million and non-GAAP EPS at $1.02. The company generated $175 million in adjusted free cash flow for the year and substantially integrated MarkLogic ahead of schedule. Progress paid down another $30 million of debt in the fourth quarter and is well-positioned for future acquisitions.

Progress announced strong financial results for the third quarter of 2023, with revenue of $175.0 million, a 16% year-over-year increase. The company's ARR increased by 18% year-over-year to $577 million. Diluted earnings per share was $0.42, while non-GAAP diluted earnings per share was $1.08.

Progress Software announced strong Q2 2023 results, exceeding revenue and earnings estimates. The company reported a 20% increase in revenue year-over-year and a 19% increase in ARR. Diluted earnings per share was $0.27, while non-GAAP diluted earnings per share was $1.06.

Progress announced strong first-quarter results for fiscal year 2023, with revenue and earnings per share exceeding guidance. ARR surged to $569 million, driven by strong demand and execution across products and geographies.

Progress reported a strong fourth quarter in fiscal year 2022, with revenue increasing by 12% year-over-year to $157.1 million. Diluted earnings per share increased by 64% to $0.54, while non-GAAP diluted earnings per share increased by 22% to $1.12. The company also announced a definitive agreement to acquire MarkLogic, which is expected to drive significant growth.

Progress announced financial results for the third quarter ended August 31, 2022, with revenue of $151.2 million, a 3% increase year-over-year, and diluted earnings per share of $0.50. Both revenue and earnings per share exceeded the high end of the company's guidance ranges for the third consecutive quarter. The company's Annual Recurring Revenue (ARR) reached $495 million, a 13% increase year-over-year on a constant currency basis.

Progress announced financial results for the second quarter ended May 31, 2022, with revenue of $148.7 million, a 21% increase year-over-year. The company's diluted earnings per share was $0.66, a 120% increase compared to the same quarter last year, and non-GAAP diluted earnings per share was $1.04, a 27% increase.

Progress Software reported a strong first quarter in 2022, with revenue of $144.9 million, a 19% increase year-over-year. Diluted earnings per share were $0.46, a 10% increase compared to the same quarter last year. The company's annualized recurring revenue (ARR) reached $479 million, a 12% increase year-over-year.

Progress Software reported a strong Q4 2021, with revenue of $140.1 million, a 14% increase year-over-year, and non-GAAP EPS of $0.92, a 1% increase year-over-year. The company's performance significantly exceeded guidance, driven by the acquisition of Kemp and strong financial results.

Progress reported strong Q3 2021 results, with revenue reaching $147.4 million, a 34% increase year-over-year. Diluted earnings per share were $0.70, up 32% compared to the same quarter last year. The company also announced an agreement to acquire Kemp Technologies for $258 million in cash.

Progress Software announced strong second-quarter results, exceeding both top- and bottom-line guidance. The company's success was driven by strength in its core business and the integration of DevOps products from Chef. The company's ARR grew 23% year-over-year on a constant currency basis.

Progress announced strong financial results for the first quarter ended February 28, 2021, with revenue increasing 11% year-over-year to $121.3 million and non-GAAP diluted earnings per share increasing 25% to $0.95. The company's performance exceeded expectations across product lines and key metrics, driven by the acquisition of Chef Software. As a result, Progress increased its full year guidance for revenue, earnings per share, and free cash flow.

Progress reported a 5% year-over-year increase in revenue to $122.4 million for Q4 2020. Diluted earnings per share was $0.39, while non-GAAP diluted earnings per share was $0.91, a 15% increase compared to the same quarter last year. The company completed the acquisition of Chef Software on October 5, 2020, which is expected to contribute to future growth.

Progress announced its Q3 2020 financial results, with revenue at $109.7 million, a 3% increase year-over-year. Diluted earnings per share was $0.53, a 77% increase compared to the same quarter last year. The company also announced a definitive agreement to acquire Chef Software.

Progress reported a strong second quarter, with solid performance across segments and products. The business demonstrated durability despite economic disruption. Increased full-year guidance for revenue and EPS reflects confidence in the company's ability to execute.

Progress Software's Q1 2020 results exceeded guidance with a 22% increase in GAAP revenue and a 119% increase in GAAP diluted earnings per share compared to the same quarter last year. The company is confident in delivering solid results despite the current level of macro-economic uncertainty.

Progress Software reported strong Q4 2019 results, exceeding revenue and EPS guidance. The company's recent acquisition, Ipswitch, contributed more than expected, validating their focus on accretive M&A. Progress anticipates continued momentum in 2020, driven by their strategic plan.