Progress Q4 FY21 beat: rev $140.1M (+14% YoY), non-GAAP EPS $0.92; Kemp acquisition closed Nov 1

PROGRESS SOFTWARE CORP /MA

2021-FY EPS reported $1.76 revenue$531,313,000

Revenue $140.1M (+14% YoY); non-GAAP revenue $143.7M (+11% YoY). GAAP diluted EPS $0.33 (down 15% YoY), non-GAAP diluted EPS $0.92 (up 1%).
ARR of $486M (+12% YoY on constant currency). Operating margin 15% GAAP, 36% non-GAAP.
Completed acquisition of Kemp Technologies on Nov 1, 2021. Kemp fits in Application Experience space; drives FY2022 revenue growth guidance.
Board declared quarterly dividend $0.175/share, payable March 15, 2022 to holders of record March 1, 2022.
FY2022 guidance: revenue $597-607M GAAP ($605-615M non-GAAP), non-GAAP EPS $3.95-4.05; Q1 FY22 rev $136-139M GAAP, non-GAAP EPS $0.83-0.85.

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