---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-21-000127"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2021-09-23T23:59:59+00:00"
generated_at: "2026-06-29T01:55:21.487937+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Progress beats Q3 estimates, raises FY2021 guidance, announces $258M Kemp acquisition

## Summary
- Q3 GAAP EPS $0.70 (up 32% YoY); Non-GAAP EPS $1.18 (up 51%); Revenue $147.4M (+34%).
- ARR $444M (+25% constant currency); operating margin 31% GAAP / 47% non-GAAP.
- Announced acquisition of Kemp Technologies for $258M cash; expected to close in Q4.
- Raised FY2021 guidance: GAAP EPS $1.56-1.58, non-GAAP EPS $3.68-3.70; revenue $548-552M non-GAAP.
- Declared quarterly dividend $0.175/share, payable Dec 15 to holders of record Dec 1.

## SEC filing metadata
- accession: 0000876167-21-000127
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2021-09-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616721000127/0000876167-21-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616721000127/prgs-20210923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-21-000127
- JSON: https://secwatch.observer/filing/0000876167-21-000127.json
- Plain text: https://secwatch.observer/filing/0000876167-21-000127.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.