secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESS SOFTWARE CORP /MA (PRGS)
CIK:        0000876167
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0000876167-25-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progress Q1 revenue up 29% YoY to $238M, ARR jumps 48% to $836M, GAAP EPS down 53%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/876167/000087616725000051/0000876167-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/876167/000087616725000051/prgs-20250331.htm
  HTML page:      https://secwatch.observer/filing/0000876167-25-000051

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