earnings
confidence high
sentiment positive
materiality 0.75
Progress Q1 revenue up 29% YoY to $238M, ARR jumps 48% to $836M, GAAP EPS down 53%
PROGRESS SOFTWARE CORP /MA
2025-Q1 EPS reported
$0.24
revenue$238,015,000
- Revenue $238M (+29% YoY); ARR $836M (+48% YoY) driven by ShareFile acquisition.
- GAAP operating margin 14% (down from 19%); non-GAAP operating margin 39% (down from 42%).
- GAAP diluted EPS $0.24 (down 53%); non-GAAP diluted EPS $1.31 (up 5%).
- Cash from operations $68.9M; adjusted free cash flow $73.2M; ShareFile integration on track.
- Net retention rate above 100%; data platform and infrastructure management products performed well.