secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2021-09-23T23:59:59+00:00
Accession:  0000876167-21-000127
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616721000127/0000876167-21-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616721000127/prgs-20210923.htm
  HTML page:      https://secwatch.observer/filing/0000876167-21-000127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer