---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-22-000058"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2022-03-29T23:59:59+00:00"
generated_at: "2026-06-26T15:30:17.491759+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progress Q1 revenue $144.9M (+19% YoY) beats guidance; raises FY2022 outlook

## Summary
- Revenue of $144.9M exceeded guidance; non-GAAP revenue $147.5M, up 12% YoY.
- GAAP diluted EPS $0.46 (up 10%); non-GAAP diluted EPS $0.97 (up 2%).
- ARR of $479M, up 12% YoY on constant currency basis.
- Full-year FY2022 GAAP revenue guidance raised to $601-609M; non-GAAP EPS to $4.01-4.09.
- Quarterly dividend declared $0.175/share, payable June 15, 2022.

## SEC filing metadata
- accession: 0000876167-22-000058
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2022-03-29T23:59:59+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/876167/000087616722000058/0000876167-22-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616722000058/prgs-20220329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-22-000058
- JSON: https://secwatch.observer/filing/0000876167-22-000058.json
- Plain text: https://secwatch.observer/filing/0000876167-22-000058.txt

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