secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000876167-24-000097
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616724000097/0000876167-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616724000097/prgs-20240625.htm
  HTML page:      https://secwatch.observer/filing/0000876167-24-000097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer