earnings
confidence high
sentiment positive
materiality 0.75
Progress Software Q2 revenue $253M (+7% YoY), ARR $868M (+2%), non-GAAP EPS $1.62
PROGRESS SOFTWARE CORP /MA
- Revenue $253M, up 7% YoY (actual) and 6% constant currency.
- ARR $868M, up 2% YoY constant currency.
- GAAP diluted EPS $0.50 (+28% YoY); non-GAAP diluted EPS $1.62 (+16% YoY).
- GAAP operating margin 18% (up 200 bps); non-GAAP operating margin 40% (flat).
- Cash from operations $78.8M (+163% YoY); adjusted free cash flow $79.2M.