Progress Software reported a 2 per cent decline in fiscal third-quarter revenue to 246 million dollars, while annualized recurring revenue rose to 873 million dollars. Operating margins and cash generated by operations improved. The software company completed its purchase of Domo’s AI and data-platform business and raised its full-year revenue outlook while reducing its reported earnings-per-share forecast.
Progress Software, a provider of software for business applications and infrastructure, released third fiscal-quarter results on September 30 for the period ended August 31. Revenue declined while earnings improved. The company reported 246 million dollars in sales, down 2 per cent from a year earlier in both reported and constant-currency terms.[1], [2]
Annualized recurring revenue grew 1 per cent in constant currency to 873 million dollars. This measure expresses recurring contracts on an annual basis. Reported operating margin rose to 19 per cent from 18 per cent; adjusted margin increased to 43 per cent from 40 per cent. Reported diluted earnings per share rose to 0.55 dollars from 0.44 dollars, while adjusted earnings increased to 1.69 dollars from 1.50 dollars.[1]
Cash generated by operations increased to 88.0 million dollars from 73.4 million dollars. Cash and cash equivalents totalled 113.7 million dollars at quarter end. Days sales outstanding fell to 42 from 55 a year earlier, shortening the reported collection period.[1]
Progress completed its purchase of Domo’s AI and data-platform business. It raised its fiscal-2026 revenue forecast to a range of 1.044 billion dollars to 1.052 billion dollars from a range of 990 million dollars to 1.002 billion dollars. Its forecast for reported diluted earnings per share was lowered to 1.18–1.28 dollars from 1.60–1.74 dollars. The outlook applies to the fiscal year ending November 30 and reflects the company’s estimates.[1]
