---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-23-000008"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T15:06:35.043837+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000876167-23-000008
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616723000008/0000876167-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616723000008/prgs-20230117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-23-000008
- JSON: https://secwatch.observer/filing/0000876167-23-000008.json
- Plain text: https://secwatch.observer/filing/0000876167-23-000008.txt

## Key facts
- Earnings Releases
  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
  source text: Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616723000008/0000876167-23-000008-index.htm
- Earnings Releases
  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
  source text: Progress Software Corporation ("Progress") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/876167/000087616723000008/0000876167-23-000008-index.htm

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