secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2022-06-28T23:59:59+00:00
Accession:  0000876167-22-000122
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000122/0000876167-22-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000122/prgs-20220628.htm
  HTML page:      https://secwatch.observer/filing/0000876167-22-000122

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