{"schema_version":"secwatch.filing_event.v1","accession":"0000876167-24-000009","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2024-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.106088+00:00","generated_at":"2026-06-06T23:42:17.809249+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 Software beats Q4 estimates; ARR +17% YoY; FY2024 guidance raised","bullets":["Q4 GAAP revenue $177.0M (+13% YoY), above guidance; non-GAAP EPS $1.02 vs $1.12 YoY (down 9%).","ARR of $574M (+17% YoY constant currency); net retention rate at 100%.","Declared quarterly dividend $0.175/share (unchanged), payable March 15, 2024 to holders of record March 1.","FY2024 guidance: GAAP revenue $722-732M, GAAP EPS $1.94-2.06; non-GAAP EPS $4.58-4.68.","FY2023 adjusted free cash flow $175M; cash and equivalents $127M; paid down $30M debt in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0000876167-24-000009","json":"https://secwatch.observer/filing/0000876167-24-000009.json","markdown":"https://secwatch.observer/filing/0000876167-24-000009.md","text":"https://secwatch.observer/filing/0000876167-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000009/0000876167-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000009/prgs-20240116.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T23:42:17.809249+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":"9297dade78fdbb9cbe1cf3b582afe32bd4827562","claim":"PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal fourth quarter ended November 30, 2023.","evidence_excerpt":"On January 16, 2024, Progress Software Corporation (\"Progress\") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000009/0000876167-24-000009-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal fourth quarter ended November 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bc2b0f6737bfa7581407dace13c1c3cbf75dfd10","claim":"PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal year ended November 30, 2023.","evidence_excerpt":"On January 16, 2024, Progress Software Corporation (\"Progress\") issued a press release announcing its financial results for the fiscal fourth quarter ended November 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000009/0000876167-24-000009-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended November 30, 2023"},{"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"}