---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-22-000163"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2022-09-27T23:59:59+00:00"
generated_at: "2026-06-23T07:21:55.967472+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Progress Q3 beats guidance: revenue $151M, non-GAAP EPS $1.00; FY22 non-GAAP EPS guidance raised

## Summary
- GAAP revenue $151.2M (+3% YoY), diluted EPS $0.50 (-29%); non-GAAP EPS $1.00 (-15%).
- Annualized Recurring Revenue (ARR) $495M, up 13% on constant currency basis.
- Q4 FY22 guidance: GAAP revenue $156-164M, non-GAAP EPS $1.06-1.10.
- Board declared $0.175/share quarterly dividend, payable Dec 15, 2022.
- FX headwind estimated at ~$15.9M on FY revenue; results exceeded high end of guidance range.

## SEC filing metadata
- accession: 0000876167-22-000163
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2022-09-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/876167/000087616722000163/0000876167-22-000163-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616722000163/prgs-20220927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-22-000163
- JSON: https://secwatch.observer/filing/0000876167-22-000163.json
- Plain text: https://secwatch.observer/filing/0000876167-22-000163.txt

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