secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0000876167-25-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616725000009/0000876167-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616725000009/prgs-20250121.htm
  HTML page:      https://secwatch.observer/filing/0000876167-25-000009

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