Recent 8-K filings for PRGS
Highest-materiality recent filing
Progress Software completes $875M acquisition of ShareFile from Cloud Software Group
- Purchased ShareFile for $875M in cash, funded by cash on hand and existing revolving credit facility.
- ShareFile adds more than $240M in annual revenue and over 86,000 customers to Progress.
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Progress Software shareholders approve equity plan increases and advisory say-on-pay
All nine director nominees elected; each received 31.1M to 32.3M votes for (excl. broker non-votes).
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Progress Software Q1 revenue $248M (+4%), non-GAAP EPS $1.60 (+22%) beat
GAAP diluted EPS $0.53 vs $0.24 YoY, up 121% on revenue of $247.8M (+4% actual, +2% constant currency).
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Progress Software Q4 revenue $253M (+18% YoY); Non-GAAP EPS $1.51 (+14%)
Revenue $252.7M (+18% YoY); ARR $852M (+2% YoY constant currency).
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Progress corrects SaaS Revenue figure on Q3 2025 supplemental slide 17
Filing amends prior 8-K to fix scrivener's error in SaaS Revenue amount on slide 17.
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Progress Q3 revenue $250M (+40% YoY), ARR $849M (+47%), raises FY guidance
Revenue $249.8M (+40% YoY; +38% constant currency); ARR $849M (+47% constant currency).
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Progress Software upsizes credit facility to $1.5B, extends maturity to 2030
New $1.5B secured revolving facility replaces prior $900M facility from March 2024.
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Progress Software Q2: ARR $838M (+46%), revenue $237M (+36%), raises FY guidance
ARR of $838M grew 46% YoY; revenue $237M up 36% YoY (35% constant currency).
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Progress Software shareholders elect all 9 directors, approve say-on-pay, ratify auditor
All nine director nominees elected with votes for ranging from ~35.6M to ~37.2M; broker non-votes 2.7M.
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Progress Software updates pro forma financials for ShareFile acquisition, showing reduced EPS
Pro forma FY2024 revenue $978.8M, net income $35.7M, diluted EPS $0.80.
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Progress Q1 revenue up 29% YoY to $238M, ARR jumps 48% to $836M, GAAP EPS down 53%
Revenue $238M (+29% YoY); ARR $836M (+48% YoY) driven by ShareFile acquisition.
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Q4 GAAP diluted EPS $0.03 (-91% YoY) on ShareFile acquisition costs; non-GAAP EPS $1.33 (+30%).
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Progress Software: ShareFile generated $183.6M revenue, $5.5M operating shortfall
ShareFile revenues of $183.6M vs direct expenses $189.1M, resulting in $5.5M shortfall for 9 months ended Sep 1, 2024.
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Progress Software completes $875M acquisition of ShareFile from Cloud Software Group
Purchased ShareFile for $875M in cash, funded by cash on hand and existing revolving credit facility.
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Q3 revenue $178.7M (+2% YoY); GAAP EPS $0.65 (vs $0.42), non-GAAP EPS $1.26 (vs $1.08).
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Progress to acquire ShareFile for $875M; suspends dividend; Q3 guidance above high end
Acquisition from Cloud Software Group for $875M (cash + revolver); expected close by Nov 30, 2024.
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SEC concludes MOVEit investigation with no enforcement action against Progress
SEC notified Progress on Aug 6, 2024, that its investigation is closed with no enforcement action.
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Progress beats Q2 estimates, raises full-year EPS and revenue guidance
Q2 revenue $175M (-2% YoY); GAAP EPS $0.37 (+37%); non-GAAP EPS $1.09 (+3%).
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Progress Software shareholders elect directors, approve say-on-pay and stock plan increase
All nine director nominees elected; votes for ranged from 33.5M to 36.6M.
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Progress Q1 beats estimates; raises FY2024 non-GAAP EPS guidance to $4.65-4.75
Revenue $184.7M (+12% YoY); GAAP EPS $0.51 vs $0.53; non-GAAP EPS $1.25 vs $1.19, above guidance.
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Progress beats Q1 estimates: Revenue $185M (+12%), Non-GAAP EPS $1.25 (+5%); raises FY guidance
Revenue $184.7M, +12% YoY; Q1 GAAP EPS $0.51 (down 4%), Non-GAAP EPS $1.25 (up 5%).
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.75 · Most common event earnings