secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2022-01-18T23:59:59+00:00
Accession:  0000876167-22-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000004/0000876167-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000004/prgs-20220118.htm
  HTML page:      https://secwatch.observer/filing/0000876167-22-000004

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