---
schema_version: "secwatch.filing_event.v1"
accession: "0000876167-24-000140"
form_type: "8-K"
ticker: "PRGS"
cik: "0000876167"
company_name: "PROGRESS SOFTWARE CORP /MA"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:13:31.185760+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000876167-24-000140
- form_type: 8-K
- ticker: PRGS
- cik: 0000876167
- company_name: PROGRESS SOFTWARE CORP /MA
- filed_at: 2024-09-24T23:59:59+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/876167/000087616724000140/0000876167-24-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/876167/000087616724000140/prgs-20240924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000876167-24-000140
- JSON: https://secwatch.observer/filing/0000876167-24-000140.json
- Plain text: https://secwatch.observer/filing/0000876167-24-000140.txt

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