{"schema_version":"secwatch.filing_event.v1","accession":"0000876167-24-000057","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.107093+00:00","generated_at":"2026-06-04T08:15:40.704978+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Progress beats Q1 estimates: Revenue $185M (+12%), Non-GAAP EPS $1.25 (+5%); raises FY guidance","bullets":["Revenue $184.7M, +12% YoY; Q1 GAAP EPS $0.51 (down 4%), Non-GAAP EPS $1.25 (up 5%).","ARR $571M flat YoY constant currency; operating margin 19% GAAP, 42% Non-GAAP.","Cash from operations $70.5M (+51% YoY); declared $0.175/share quarterly dividend payable June 17.","Completed $450M convertible notes offering; new $900M credit facility; repaid prior bank debt.","Raised FY2024 Non-GAAP EPS guidance to $4.65-$4.75; Q2 guidance $0.93-$0.97 Non-GAAP EPS."],"urls":{"canonical":"https://secwatch.observer/filing/0000876167-24-000057","json":"https://secwatch.observer/filing/0000876167-24-000057.json","markdown":"https://secwatch.observer/filing/0000876167-24-000057.md","text":"https://secwatch.observer/filing/0000876167-24-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000057/0000876167-24-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000057/prgs-20240326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:15:40.704978+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":"e9ee15fdc0b9834e9a15087294ac2788a79c5826","claim":"PROGRESS SOFTWARE CORP /MA reported financial results for the fiscal first quarter ended February 29, 2024.","evidence_excerpt":"On March 26, 2024, Progress Software Corporation (\"Progress\") issued a press release announcing its financial results for the fiscal first quarter ended February 29, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000057/0000876167-24-000057-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended February 29, 2024"},{"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"}