Progress Software Corp

PRGS

Equity

ISIN null / Valor 963966

NASDAQ (2025-11-14)

USD 42.02-0.66%

Progress Software Corp
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About company

Progress Software Corp is a company focused on acquiring infrastructure software companies that cater to mission-critical customer needs worldwide. They prioritize companies that share their commitment to innovation and customer success, aiming to drive revenue growth and expand their customer base. Through their Total Growth Strategy, Progress Software Corp accelerates company performance, supports employee development, and delivers sustained shareholder value by fostering synergistic cultures with the companies they acquire.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Progress Software Corp achieved $237 million in revenue for Q2 2025, marking a 36% increase year-over-year on an actual currency basis and 35% on a constant currency basis.

Annualized Recurring Revenue (ARR)

The company's ARR reached $838 million, reflecting a 46% year-over-year increase on a constant currency basis.

Operating Margin

Progress reported an operating margin of 16% and a non-GAAP operating margin of 40% for the quarter.

Earnings Per Share (EPS)

Diluted earnings per share were $0.39, up 5% from $0.37 in the same quarter last year. Non-GAAP diluted EPS rose 28% to $1.40 compared to $1.09 year-over-year.

Full Year Guidance

The company raised its full-year guidance for revenue, operating margin, earnings per share, and cash flow, reflecting confidence in continued strong execution by its teams.

Acquisition of Nuclia

Progress Software Corp announced the acquisition of Nuclia, an innovator in agentic Retrieval-Augmented Generation (RAG) AI solutions. This acquisition is expected to enhance the Progress Data Platform and open new market opportunities, although it is immaterial to the current financials.

Summarized from source with an LLMView Source

Key figures

-37.5%1Y

-18.7%3Y

4.61%5Y

Performance

35.5%1Y

28.5%3Y

29.3%5Y

Volatility