secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0000876167-24-000140
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616724000140/0000876167-24-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616724000140/prgs-20240924.htm
  HTML page:      https://secwatch.observer/filing/0000876167-24-000140

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