{"schema_version":"secwatch.filing_event.v1","accession":"0000876167-23-000116","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2023-06-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.516332+00:00","generated_at":"2026-06-13T15:13:18.877505+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 beats Q2 estimates; raises FY2023 guidance on strong 20% revenue growth","bullets":["Q2 GAAP revenue $178.3M (+20% YoY); Non-GAAP EPS $1.06 (+2%), GAAP EPS $0.27 (-59%).","ARR $569M, +19% constant currency; net retention rate 101% indicating strong renewals.","Raised FY2023 guidance: GAAP revenue $686-694M, Non-GAAP EPS $4.16-4.24 (prior $4.09-4.17).","Q3 guidance: GAAP revenue $171-175M, Non-GAAP EPS $0.98-1.02; expects $0.01 FX tailwind.","Board declared $0.175/share dividend, payable Sep 15, 2023 to holders Sep 1, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000876167-23-000116","json":"https://secwatch.observer/filing/0000876167-23-000116.json","markdown":"https://secwatch.observer/filing/0000876167-23-000116.md","text":"https://secwatch.observer/filing/0000876167-23-000116.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000116/0000876167-23-000116-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000116/prgs-20230629.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:13:18.877505+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":"5feac007142dcb28095b9025d04901f8b163e8f1","claim":"PROGRESS SOFTWARE CORP /MA reported fiscal second quarter ended May 31, 2023 results: revenue $178,251, net income $12,090, EPS $0.27. Guidance raised.","evidence_excerpt":"Three Months Ended GAAP Non-GAAP 1 (In thousands, except percentages and per share amounts) May 31, 2023 May 31, 2022 % Change May 31, 2023 May 31, 2022 % Change Revenue $ 178,251 $ 148,747 20 % $ 179,233 $ 150,879 19 % Income from operations $ 23,027 $ 40,235 (43) % $ 67,300 $ 61,298 10 % Operating margin 13 % 27 % (1400) bps 38 % 41 % (300) bps Net income","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616723000116/0000876167-23-000116-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter ended May 31, 2023"},{"label":"Revenue","value":"$178,251"},{"label":"Net income","value":"$12,090"},{"label":"EPS","value":"$0.27"},{"label":"Guidance","value":"raised"},{"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"}