---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-22-000004"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2022-01-18T23:59:59+00:00"
generated_at: "2026-06-27T17:47:49.645319+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000876167-22-000004
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2022-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616722000004/0000876167-22-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616722000004/prgs-20220118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-22-000004
- JSON: https://secwatch.observer/filing/0000876167-22-000004.json
- Plain text: https://secwatch.observer/filing/0000876167-22-000004.txt

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