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AI brief of an SEC Form 8-K · Progress Software (PRGS)

Progress Software Q2 revenue rises 36% to $237 million; raises full-year guidance

Positive Impact 4 of 5 earnings Written later

Progress Software reported fiscal second-quarter 2025 revenue of $237 million, up 36% from a year earlier, and annualized recurring revenue of $838 million, up 46% on a constant currency basis. The company raised its fiscal 2025 guidance for revenue, operating margin, earnings per share and cash flow, while GAAP cash from operations fell 53% to $30 million in the quarter.

Key points

  • Q2 revenue $237 million, up 36% year over year; GAAP diluted EPS $0.39 vs. $0.37 a year earlier
  • Non-GAAP diluted EPS $1.40 vs. $1.09, up 28%
  • FY2025 revenue guidance raised to $962 million-$974 million from $958 million-$970 million
  • FY2025 non-GAAP diluted EPS guidance raised to $5.28-$5.40 from $5.25-$5.37

The filing

CompanyProgress Software (PRGS)
Form8-K, current report
Filed with the SECJun 30, 2025, 4:17 PM ET
Accession number0000876167-25-000084

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 30, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.