Progress Q3 revenue $178.7M, non-GAAP EPS $1.26 beats; raises FY24 rev guidance; ShareFile deal on track

PROGRESS SOFTWARE CORP /MA

2024-Q3 EPS reported $1.52 revenue$538,448,000

Q3 revenue $178.7M (+2% YoY); GAAP EPS $0.65 (vs $0.42), non-GAAP EPS $1.26 (vs $1.08).
FY24 revenue guidance raised to $745-755M (from $725-735M); non-GAAP EPS guidance raised to $4.75-4.85.
ShareFile acquisition for $875M cash expected to close before end of fiscal year; dividend suspended upon close.
ARR $582M flat YoY; operating margin 41% non-GAAP; cash from ops $57.7M.

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