secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0000876167-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616723000008/0000876167-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616723000008/prgs-20230117.htm
  HTML page:      https://secwatch.observer/filing/0000876167-23-000008

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