{"schema_version":"secwatch.filing_event.v1","accession":"0000876167-23-000070","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2023-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.348871+00:00","generated_at":"2026-06-17T14:09:00.298026+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Progress Q1 revenue $164.2M (+13% YoY), EPS $0.53; ARR $569M; raises FY revenue guidance","bullets":["GAAP revenue $164.2M (+13% YoY); Non-GAAP revenue $165.6M (+12% YoY).","GAAP diluted EPS $0.53 vs $0.46; Non-GAAP diluted EPS $1.19 vs $0.97 (+23% YoY).","ARR of $569M, up 20% on constant currency; net retention rate 102%.","FY2023 GAAP revenue guidance raised to $676-684M; Non-GAAP EPS unchanged at $4.09-4.17.","Quarterly dividend $0.175/share declared, payable June 15 to holders of record June 1."],"urls":{"canonical":"https://secwatch.observer/filing/0000876167-23-000070","json":"https://secwatch.observer/filing/0000876167-23-000070.json","markdown":"https://secwatch.observer/filing/0000876167-23-000070.md","text":"https://secwatch.observer/filing/0000876167-23-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000070/0000876167-23-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000070/prgs-20230328.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T14:09:00.298026+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"35d00b78666f5aa0da4832e3f89d54e9d4f25764","claim":"PROGRESS SOFTWARE CORP /MA reported the fiscal year ending November 30, 2023 results: revenue $676 - $684, EPS $1.32 - $1.40.","evidence_excerpt":"Updated FY 2023 Guidance (March 28, 2023) Prior FY 2023 Guidance (January 17, 2023) (In millions, except percentages and per share amounts) GAAP Non-GAAP 1 GAAP Non-GAAP 1 Revenue $676 - $684 $680 - $688 $671 - $681 $675 - $685 Diluted earnings per share $1.32 - $1.40 $4.09 - $4.17 $1.38 - $1.46 $4.09 - $4.17","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000070/0000876167-23-000070-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ending November 30, 2023"},{"label":"Revenue","value":"$676 - $684"},{"label":"EPS","value":"$1.32 - $1.40"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"4436353e230a27881032ec2c039cdfb3d084ebeb","claim":"PROGRESS SOFTWARE CORP /MA reported the fiscal second quarter ending May 31, 2023 results: revenue $167 - $171, EPS $0.12 - $0.16. Guidance initiated.","evidence_excerpt":"Q2 2023 Guidance (In millions, except per share amounts) GAAP Non-GAAP 1 Revenue $167 - $171 $168 - 172 Diluted earnings per share $0.12 - $0.16 $0.88 - $0.92","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000070/0000876167-23-000070-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal second quarter ending May 31, 2023"},{"label":"Revenue","value":"$167 - $171"},{"label":"EPS","value":"$0.12 - $0.16"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"eca8cdf50e1d73f4c8087c574bb639786ebb9671","claim":"PROGRESS SOFTWARE CORP /MA reported the fiscal first quarter ended February 28, 2023 results: revenue $164.2 million, net income $23,674, EPS $0.53.","evidence_excerpt":"provider of infrastructure software, today announced financial results for its fiscal first quarter ended February 28, 2023. First Quarter 2023 Highlights 1 : • Revenue of $164.2 million increased 13% year-over-year on an actual currency basis, and 15% on a constant currency basis. • Non-GAAP revenue of $165.6 million increased 12% year-over-year on an actual","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000070/0000876167-23-000070-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended February 28, 2023"},{"label":"Revenue","value":"$164.2 million"},{"label":"Net income","value":"$23,674"},{"label":"EPS","value":"$0.53"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}