Progress reports Q4 revenue $215M (+21% YoY), ARR up 46%; suspends dividend, guides FY25 rev $958-970M

PROGRESS SOFTWARE CORP /MA

2024-FY EPS reported $1.54 revenue$753,409,000

Q4 GAAP diluted EPS $0.03 (-91% YoY) on ShareFile acquisition costs; non-GAAP EPS $1.33 (+30%).
ARR of $842M (+46% YoY); NRR above 100% for FY2024.
ShareFile acquisition completed Oct 31; quarterly dividend suspended to direct capital to debt repayment.
FY2025 guidance: revenue $958-970M, non-GAAP EPS $5.00-$5.12, operating margin 37-38%.
FY2024 cash from ops $211M (+22% YoY); adjusted free cash flow $212M.

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