Progress Software raises FY2025 guidance as Q3 revenue rises 40% to $250 million
Progress Software reported fiscal third-quarter 2025 revenue of $250 million, up 40% year over year, and raised its full-year 2025 guidance for revenue, earnings per share, and cash flow. GAAP diluted earnings per share fell 32% to $0.44, while non-GAAP diluted earnings per share rose 19% to $1.50, so shareholders will see both the higher guidance and a lower GAAP profit figure in the quarter.
- Q3 revenue was $250 million, up 40% from $178.7 million a year earlier; ARR was $849 million, up 47% on a constant currency basis.
- GAAP diluted EPS was $0.44 versus $0.65 a year earlier, a decrease of 32%; non-GAAP diluted EPS was $1.50 versus $1.26, an increase of 19%.
- FY2025 revenue guidance was raised to $975 million to $981 million from $962 million to $974 million; GAAP diluted EPS guidance is $1.38 to $1.45, up from $1.27 to $1.43.
- On September 23, 2025, the Board increased the share repurchase authorization by $200.0 million to $242.2 million.