Progress beats Q4 EPS estimates, acquires MarkLogic, guides FY2023 above consensus

PROGRESS SOFTWARE CORP /MA

2022-FY EPS reported $2.15 revenue$602,013,000

Q4 GAAP revenue $157.1M (+12% YoY); non-GAAP diluted EPS $1.12 (+22% YoY), ahead of guidance.
Full-year FY2022 GAAP revenue $602M (+13% YoY); non-GAAP EPS $4.13 (+7% YoY).
Board declared $0.175 quarterly dividend (payable Mar 15) and increased buyback authorization by $150M.
Definitive agreement to acquire MarkLogic; expected to lift annualized sales above $700M (deal value undisclosed).
FY2023 guidance: non-GAAP revenue $675-$685M, non-GAAP EPS $4.09-$4.17.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal year ended November 30, 2022.

Period: the fiscal year ended November 30, 2022
Result: reported results

Exact text from the filing

Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal fourth quarter ended November 30, 2022.

Period: the fiscal fourth quarter ended November 30, 2022
Result: reported results

Exact text from the filing

Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2022.

View on SEC.gov

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Source: SEC EDGAR

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