Progress Software ( (PRGS) ) has released its Q3 earnings. Here is a breakdown of the information Progress Software presented to its investors.
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Progress Software is a trusted provider of AI-powered digital experience and infrastructure software, serving organizations across various industries by enabling the development, deployment, and management of applications and digital experiences.
In its third quarter of 2025, Progress Software reported significant financial growth, with a 40% increase in revenue year-over-year, reaching $250 million. The company also raised its full-year guidance for revenue, earnings per share, and cash flow, reflecting strong business performance and strategic execution.
Key highlights from the quarter include a 47% year-over-year increase in Annualized Recurring Revenue (ARR) to $849 million, demonstrating robust customer retention and growth. The non-GAAP diluted earnings per share rose by 19% to $1.50, despite a 32% decrease in GAAP diluted earnings per share. The company also reported a successful integration of ShareFile, contributing positively to its financial outcomes.
Looking ahead, Progress Software remains optimistic about its financial performance, as evidenced by its updated guidance for the fiscal year ending November 30, 2025. The company anticipates continued revenue growth and strong cash flow, supported by ongoing investments in AI capabilities and strategic business initiatives.