secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2022-03-29T23:59:59+00:00
Accession:  0000876167-22-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000058/0000876167-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000058/prgs-20220329.htm
  HTML page:      https://secwatch.observer/filing/0000876167-22-000058

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