---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-24-000097"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:21:38.031222+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Progress beats Q2 estimates, raises full-year EPS and revenue guidance

## Summary
- Q2 revenue $175M (-2% YoY); GAAP EPS $0.37 (+37%); non-GAAP EPS $1.09 (+3%).
- ARR $579M up 1% YoY constant currency; cash from operations $63.7M up 33% YoY.
- Raised FY2024 revenue guidance to $725-735M (from $722-732M) and non-GAAP EPS to $4.70-4.80 (from $4.65-4.75).
- Board declared quarterly dividend $0.175/share, payable Sept 16, 2024.
- Q3 2024 guidance: revenue $174-178M, non-GAAP EPS $1.11-1.15.

## SEC filing metadata
- accession: 0000876167-24-000097
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/876167/000087616724000097/0000876167-24-000097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616724000097/prgs-20240625.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-24-000097
- JSON: https://secwatch.observer/filing/0000876167-24-000097.json
- Plain text: https://secwatch.observer/filing/0000876167-24-000097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.