PRGS Search Earning

Progress Software Corporation

PRGS

Progress Software gained 0.2% to $57.90 after the infrastructure software developer reported results for the fiscal first quarter ending in February.

Revenue increased 29% to $238.01 million from $184.68 million, net income slumped 52% to $10.95 million from $22.64 million, and diluted earnings per share fell 53% to 24 cents from 51 cents a year ago.

During the quarter, the company repurchased $30 million of its shares and accelerated repayment of the revolving credit line used to partially finance the ShareFile acquisition, paying down $30 million.

The company guided for the second quarter non-GAAP revenue to be between $235 million and $241 million, compared to $175 million a year ago, and non-GAAP diluted earnings per share between $1.28 and $1.34, compared to $1.09 a year earlier.

For the full year ending in November, the software company estimated non-GAAP revenue to be between $958 million and $970 million, compared to $753.41 million a year ago, and non-GAAP diluted earnings per share between $5.00 and $5.12, compared to $4.93 in 2024.
Apr 2, 2025

Year	Feb	May	Aug	Nov	Annual

2023	0.53	0.27	0.42	-	-
2022	0.46	0.66	0.5	0.53	2.15
2021	0.42	0.3	0.7	0.34	1.76
2020	0.46	0.37	0.53	0.4	1.76
2019	0.21	0.18	0.3	-0.11	0.58
2018	0.29	0.33	0.37	0.39	1.08
2017	0.31	0.37	0.41	0.60	1.69
2016	0.18	0.21	0.32	0.55	1.05
2015	0.22	0.27	0.26	0.46	1.21
2014	0.21	0.25	0.22	0.28	0.96
2013	0.53	0.07	0.46	0.29	1.35
2012	0.12	-0.03	0.09	0.56	0.74
2011	0.29	0.26	0.13	0.19	0.88
2010	-0.02	0.29	0.14	0.31	0.73
2009	0.06	0.11	0.09	0.27	0.53
2008	0.19	0.22	0.20	-0.13	0.48
2007	0.13	0.13	0.20	0.18	0.64
2006	0.09	0.12	0.14	0.10	0.45
2005	0.15	0.19	0.20	0.21	0.75