---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-22-000122"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2022-06-28T23:59:59+00:00"
generated_at: "2026-06-24T22:47:24.843496+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Progress beats Q2 FY2022; EPS $0.66 ($1.04 non-GAAP), revenue $148.7M, raises non-GAAP EPS guidance

## Summary
- Revenue $148.7M (+21% YoY) exceeded prior guidance; operating margin 27% GAAP, 41% non-GAAP.
- GAAP diluted EPS $0.66 (up 120% YoY); non-GAAP diluted EPS $1.04 (up 27% YoY).
- ARR $486M increased 13% year-over-year on a constant currency basis.
- Q3 FY2022 guidance: GAAP revenue $145-148M, non-GAAP EPS $0.96-0.98.
- Quarterly dividend of $0.175 declared, payable Sept 15, 2022 to holders of record Sept 1.

## SEC filing metadata
- accession: 0000876167-22-000122
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2022-06-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616722000122/0000876167-22-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616722000122/prgs-20220628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-22-000122
- JSON: https://secwatch.observer/filing/0000876167-22-000122.json
- Plain text: https://secwatch.observer/filing/0000876167-22-000122.txt

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