Progress Software Reports Q1 Revenue of $247.799 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2026
0mins
Should l Buy PRGS?
Source: moomoo
- Company Overview: Progress Software reported a revenue of USD 247.79 million for the first quarter.
- Financial Performance: The revenue figure indicates a strong performance in the software sector for the company.
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Analyst Views on PRGS
Wall Street analysts forecast PRGS stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 29.870
Low
45.00
Averages
45.00
High
45.00
Current: 29.870
Low
45.00
Averages
45.00
High
45.00
About PRGS
Progress Software Corporation is a provider of artificial intelligence (AI)-powered digital experience and infrastructure software. The Company provides software products that enable its customers to develop, deploy and manage responsible AI-powered applications and digital experiences. It also offers retrieval-augmented generation (RAG) -as-a-service products. Its products include Sitefinity, Corticon, MOVEit, ShareFile, Podio, Kendo UI, Telerik, Kemp LoadMaster, Flowmon, WhatsUp Gold, Chef Infrastructure Management, Chef Desktop, Chef App Delivery, MarkLogic, Semaphore, OpenEdge, DataDirect Connectors, Hybrid Data Pipeline, and Automate MFT. MOVEit Transfer Software offers an on-premises Managed File Transfer (MFT) server, supporting compliance with internal governance requirements and regulations. WhatsUp Gold is an information technology (IT) infrastructure monitoring software providing visibility into network devices, servers, virtual machines, cloud, and wireless environments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Progress Software Releases 2025 CSR Report Highlighting People-First Culture
- Employee Development and AI Enablement: Progress Software expanded employee development opportunities, including two cohorts per year for its Exploring Leadership program, record participation in its mentorship program, and over 90% of employees leveraging AI tools, significantly enhancing productivity and innovation capabilities.
- Global Community Impact: The company and its employees supported over 290 charities worldwide, contributing 674 volunteer hours focused on STEM education, youth, and sustainable communities, thereby promoting social responsibility and community engagement.
- Sustainability Efforts: The employee-led Earth Team enhanced sustainability awareness through composting workshops, clothing drives, and environmental activities, strengthening the company's environmental stewardship strategy.
- Corporate Culture and Employee Wellbeing: Progress implemented over 40 wellbeing initiatives emphasizing physical, mental, and financial health, fostering an inclusive and respectful culture that promotes comprehensive employee development and engagement.
See More
Progress Software Reports Strong Q1 Earnings, Raises FY2026 Guidance
- Earnings Beat: Progress Software's Q1 earnings exceeded analyst expectations, indicating strong performance in a challenging market environment, which may bolster investor confidence.
- Guidance Raised: The company raised its FY2026 EPS and sales guidance, reflecting optimism about future growth prospects, likely attracting increased investor interest.
- Stock Price Dip: Despite the strong earnings report, the stock price fell by 6.6%, potentially due to market concerns about the overall economic outlook, warranting close monitoring of investor sentiment.
- Market Reaction Analysis: The stock's decline contrasts with the earnings beat, highlighting a cautious market attitude towards future growth, which could impact investor confidence in the short term.
See More
Progress Launches Sitefinity Generative CMS for AI-Powered Digital Experiences
- AI-Driven Digital Experiences: Progress Software's launch of Sitefinity Generative CMS enables organizations to securely implement AI-powered search and personalization across their websites and digital experiences, supporting real-time personalization and conversational interfaces, thereby enhancing user experience and brand loyalty.
- Dynamically Generated Experiences: The new capabilities allow for real-time personalization by combining user behavior and contextual signals, ensuring each interaction is tailored to individual users, which increases customer satisfaction and drives business growth.
- Embedded AI Agents: The newly embedded AI agents in the CMS accelerate content production while ensuring brand voice consistency, providing real-time guidance for content creation and enhancing SEO performance, thus strengthening the enterprise's competitive edge in the digital market.
- Structured Data Definition: Sitefinity CMS now supports Schema.org JSON-LD structured data definitions, making enterprise content more discoverable by search engines and AI tools, eliminating the need for plugins, and thereby enhancing content visibility and discoverability.
See More
Progress Software Reports Q1 Net Income Growth
- Net Income Growth: Progress Software reported a net income of $22.81 million for the fiscal first quarter ending February 28, 2026, translating to $0.53 per share, a significant increase from $10.95 million and $0.24 per share last year, indicating enhanced profitability.
- Non-GAAP Earnings Increase: The company’s non-GAAP earnings per share rose to $1.60, up 22% from $1.31 in the same quarter last year, reflecting strong core business performance and effective cost management strategies.
- Quarterly Revenue Growth: Revenue for the quarter reached $247.80 million, marking a 4% year-over-year increase on an actual currency basis and 2% on a constant currency basis, demonstrating stable growth and sustained customer demand in the market.
- Optimistic Future Outlook: Progress expects GAAP and non-GAAP revenue for the fiscal second quarter ending May 31, 2026, to be between $240 million and $246 million, showcasing confidence in future performance, while the updated fiscal year outlook reflects ongoing growth potential.
See More
Progress Software Corporation Q1 2026 Earnings Highlights
- Strong Financial Performance: Progress Software reported Q1 2026 revenue of $248 million, a 4% year-over-year increase, with EPS at $1.60, reflecting a 22% rise, showcasing the company's robust growth potential driven by AI innovation.
- Robust Cash Flow: Adjusted free cash flow reached $99 million, significantly up from $73 million in the prior year, indicating strong collection capabilities and enhanced operational efficiency.
- Capital Allocation Strategy: The company paid down $60 million in debt and repurchased $20 million in stock during Q1, demonstrating a firm commitment to maintaining financial health and shareholder returns.
- Optimistic Future Outlook: Management anticipates full-year 2026 revenue between $988 million and $1 billion, with an operating margin of approximately 39%, and plans to continue focusing on debt repayment and share buybacks to further reduce the net leverage ratio.
See More
Revised: PROGRESS SOFTWARE Q2 REVENUE FORECAST SET BETWEEN USD 240-246 MILLION (AMOUNT UPDATED)
- Revenue Update: Corrected revenue for Q2 is reported to be between USD 240 million and USD 246 million.
- Correction Notice: The figures provided are corrections to previously reported amounts.
See More
Progress Software Releases 2025 CSR Report Highlighting People-First Culture
- Employee Development and AI Enablement: Progress Software expanded employee development opportunities, including two cohorts per year for its Exploring Leadership program, record participation in its mentorship program, and over 90% of employees leveraging AI tools, significantly enhancing productivity and innovation capabilities.
- Global Community Impact: The company and its employees supported over 290 charities worldwide, contributing 674 volunteer hours focused on STEM education, youth, and sustainable communities, thereby promoting social responsibility and community engagement.
- Sustainability Efforts: The employee-led Earth Team enhanced sustainability awareness through composting workshops, clothing drives, and environmental activities, strengthening the company's environmental stewardship strategy.
- Corporate Culture and Employee Wellbeing: Progress implemented over 40 wellbeing initiatives emphasizing physical, mental, and financial health, fostering an inclusive and respectful culture that promotes comprehensive employee development and engagement.
See More
Progress Software Reports Strong Q1 Earnings, Raises FY2026 Guidance
- Earnings Beat: Progress Software's Q1 earnings exceeded analyst expectations, indicating strong performance in a challenging market environment, which may bolster investor confidence.
- Guidance Raised: The company raised its FY2026 EPS and sales guidance, reflecting optimism about future growth prospects, likely attracting increased investor interest.
- Stock Price Dip: Despite the strong earnings report, the stock price fell by 6.6%, potentially due to market concerns about the overall economic outlook, warranting close monitoring of investor sentiment.
- Market Reaction Analysis: The stock's decline contrasts with the earnings beat, highlighting a cautious market attitude towards future growth, which could impact investor confidence in the short term.
See More
Progress Launches Sitefinity Generative CMS for AI-Powered Digital Experiences
- AI-Driven Digital Experiences: Progress Software's launch of Sitefinity Generative CMS enables organizations to securely implement AI-powered search and personalization across their websites and digital experiences, supporting real-time personalization and conversational interfaces, thereby enhancing user experience and brand loyalty.
- Dynamically Generated Experiences: The new capabilities allow for real-time personalization by combining user behavior and contextual signals, ensuring each interaction is tailored to individual users, which increases customer satisfaction and drives business growth.
- Embedded AI Agents: The newly embedded AI agents in the CMS accelerate content production while ensuring brand voice consistency, providing real-time guidance for content creation and enhancing SEO performance, thus strengthening the enterprise's competitive edge in the digital market.
- Structured Data Definition: Sitefinity CMS now supports Schema.org JSON-LD structured data definitions, making enterprise content more discoverable by search engines and AI tools, eliminating the need for plugins, and thereby enhancing content visibility and discoverability.
See More
Progress Software Reports Q1 Net Income Growth
- Net Income Growth: Progress Software reported a net income of $22.81 million for the fiscal first quarter ending February 28, 2026, translating to $0.53 per share, a significant increase from $10.95 million and $0.24 per share last year, indicating enhanced profitability.
- Non-GAAP Earnings Increase: The company’s non-GAAP earnings per share rose to $1.60, up 22% from $1.31 in the same quarter last year, reflecting strong core business performance and effective cost management strategies.
- Quarterly Revenue Growth: Revenue for the quarter reached $247.80 million, marking a 4% year-over-year increase on an actual currency basis and 2% on a constant currency basis, demonstrating stable growth and sustained customer demand in the market.
- Optimistic Future Outlook: Progress expects GAAP and non-GAAP revenue for the fiscal second quarter ending May 31, 2026, to be between $240 million and $246 million, showcasing confidence in future performance, while the updated fiscal year outlook reflects ongoing growth potential.
See More
Progress Software Corporation Q1 2026 Earnings Highlights
- Strong Financial Performance: Progress Software reported Q1 2026 revenue of $248 million, a 4% year-over-year increase, with EPS at $1.60, reflecting a 22% rise, showcasing the company's robust growth potential driven by AI innovation.
- Robust Cash Flow: Adjusted free cash flow reached $99 million, significantly up from $73 million in the prior year, indicating strong collection capabilities and enhanced operational efficiency.
- Capital Allocation Strategy: The company paid down $60 million in debt and repurchased $20 million in stock during Q1, demonstrating a firm commitment to maintaining financial health and shareholder returns.
- Optimistic Future Outlook: Management anticipates full-year 2026 revenue between $988 million and $1 billion, with an operating margin of approximately 39%, and plans to continue focusing on debt repayment and share buybacks to further reduce the net leverage ratio.
See More
Revised: PROGRESS SOFTWARE Q2 REVENUE FORECAST SET BETWEEN USD 240-246 MILLION (AMOUNT UPDATED)
- Revenue Update: Corrected revenue for Q2 is reported to be between USD 240 million and USD 246 million.
- Correction Notice: The figures provided are corrections to previously reported amounts.
See More
