Progress Software Corporation (PRGS) Tops Q1 EPS by 25c, Offers Guidance

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Go back to Progress Software Corporation (PRGS) Tops Q1 EPS by 25c, Offers Guidance

Progress Announces First Quarter 2025 Financial Results

March 31, 2025 4:05 PM EDT

Annualized Recurring Revenue ("ARR") of $836 million Grew 48% year-over-year
Revenue of $238 million Grew 29% year-over-year
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BURLINGTON, Mass., March 31, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced financial results for its fiscal first quarter ended February 28, 2025.

First Quarter 2025 Highlights:

Revenue and non-GAAP revenue of $238 million increased 29% year-over-year on an actual and 30% on a constant currency basis.Annualized Recurring Revenue ("ARR") of $836 million... More