secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2022-09-27T23:59:59+00:00
Accession:  0000876167-22-000163
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000163/0000876167-22-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616722000163/prgs-20220927.htm
  HTML page:      https://secwatch.observer/filing/0000876167-22-000163

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