{"schema_version":"secwatch.filing_event.v1","accession":"0000876167-24-000059","form_type":"8-K/A","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.105889+00:00","generated_at":"2026-06-04T06:50:43.369932+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 beats estimates; raises FY2024 non-GAAP EPS guidance to $4.65-4.75","bullets":["Revenue $184.7M (+12% YoY); GAAP EPS $0.51 vs $0.53; non-GAAP EPS $1.25 vs $1.19, above guidance.","Raises FY2024 non-GAAP EPS guidance to $4.65-4.75 from $4.58-4.68; revenue unchanged $722-732M.","Closed $450M convertible notes and new $900M credit facility; used proceeds to repay all prior bank debt.","ARR $571M flat YoY constant currency; operating margin 19% GAAP and 42% non-GAAP.","Declares Q2 dividend $0.175/share payable June 17, 2024 to holders of record June 3."],"urls":{"canonical":"https://secwatch.observer/filing/0000876167-24-000059","json":"https://secwatch.observer/filing/0000876167-24-000059.json","markdown":"https://secwatch.observer/filing/0000876167-24-000059.md","text":"https://secwatch.observer/filing/0000876167-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000059/0000876167-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000059/prgs-20240326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:50:43.369932+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":"1a64f68c485a36796ec6fea413243cff7f457ee7","claim":"PROGRESS SOFTWARE CORP /MA reported Fiscal first quarter ended February 29, 2024 results: revenue $185 million, EPS $0.51 diluted earnings per share.","evidence_excerpt":"provider of infrastructure software, today announced financial results for its fiscal first quarter ended February 29, 2024. First Quarter 2024 Highlights 1 : • Revenue of $185 million increased 12% year-over-year on both an actual and a constant currency basis. • Non-GAAP revenue of $185 million increased 12% year-over-year on an actual currency basis and 11%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/876167/000087616724000059/0000876167-24-000059-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal first quarter ended February 29, 2024"},{"label":"Revenue","value":"$185 million"},{"label":"EPS","value":"$0.51 diluted earnings per share"},{"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"}