Progress Software Corporation (PRGS) Tops Q4 EPS by 12c, Offers Guidance

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Go back to Progress Software Corporation (PRGS) Tops Q4 EPS by 12c, Offers Guidance

Progress Reports Fourth Quarter 2024 and Full Year Results

January 21, 2025 4:15 PM EST

Annualized Recurring Revenue grew 46% year-over-year
2024 Cash Flow from Operations $212 million vs. $174 million last year, 22% growth
ShareFile Integration Underway

BURLINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced financial results for its fiscal fourth quarter and fiscal year ended November 30, 2024.

Fourth Quarter 2024 Highlights¹:

Revenue and non-GAAP revenue of $215 million increased 21% year-over-year both on an actual and a constant currency basis. Annualized Recurring Revenue ("ARR") of $842 million increased 46%... More