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Progress Software (DE:PGR)
:PGR
Earnings Data
Report Date
Jul 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.15Last Year’s EPS
0.97Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: 18.14%
|Next Earnings Date:Jul 01, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive, with significant growth in ARR and successful integration of ShareFile contributing to improved financial performance. While there are some potential challenges related to revenue timing and future M&A, the overall outlook remains strong due to effective execution and strategic focus on AI and SaaS opportunities.Company Guidance
In the first quarter of fiscal year 2025, Progress Software Corporation reported impressive financial results, driven significantly by the integration of ShareFile. The company's annualized recurring revenue (ARR) surged by 48% year-over-year in constant currency, largely attributed to ShareFile's contribution, while the net retention rate exceeded 100%. Quarterly revenues reached $238 million, marking a 30% increase in constant currency, and earnings per share were $1.31, surpassing the upper guidance range. Operating margins stood at a robust 39%, reflecting effective expense management and ShareFile's faster integration. Progress Software also made strategic capital moves, reducing debt by $30 million and repurchasing $30 million of its stock. The company remains focused on prudent capital allocation and is optimistic about future acquisition opportunities, bolstered by ShareFile's SaaS platform, which now constitutes nearly 30% of total revenue.Strong Start to Fiscal Year 2025
Annualized recurring revenue (ARR) increased 48% year-over-year in constant currency, driven largely by the acquisition of ShareFile. Revenue for the quarter reached $238 million, up 30% in constant currency, and earnings per share of $1.31 exceeded expectations.
Successful ShareFile Integration
The integration of ShareFile is proceeding ahead of plan, contributing significantly to ARR, revenue, and cost savings. Operating margins reached 39%, highlighting effective expense management and ShareFile integration.
Robust Customer Wins and AI Integration
Significant customer wins across various industries with ShareFile and other products, driven by AI capabilities and secure document management solutions. AI efforts focus on building AI-powered applications and improving product usability.
Debt Reduction and Share Repurchases
Paid down $30 million on revolving credit and repurchased $30 million in stock, showing commitment to prudent capital allocation and shareholder returns.
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DE:PGR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:PGR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 31, 2025 | €47.40 | €52.50 | +10.76% |
Jan 21, 2025 | €60.50 | €59.00 | -2.48% |
Sep 24, 2024 | €51.00 | €48.60 | -4.71% |
Jun 25, 2024 | €45.46 | €44.66 | -1.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Progress Software (DE:PGR) report earnings?
Progress Software (DE:PGR) is schdueled to report earning on Jul 01, 2025, TBA Not Confirmed.
What is Progress Software (DE:PGR) earnings time?
Progress Software (DE:PGR) earnings time is at Jul 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Progress Software stock?
The P/E ratio of Progress Software is N/A.
What is DE:PGR EPS forecast?
DE:PGR EPS forecast for the fiscal quarter 2025 (Q2) is 1.15.
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