secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0000876167-23-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progress Q1 revenue $164.2M (+13% YoY), EPS $0.53; ARR $569M; raises FY revenue guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616723000070/0000876167-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616723000070/prgs-20230328.htm
  HTML page:      https://secwatch.observer/filing/0000876167-23-000070

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