Progress Software Corp. (NASDAQ:PRGS) shares climbed in Tuesday's extended trading after the company released its fourth quarter earnings report and strong forward guidance.
Here's a look at the key figures from the quarter.
The Details: Progress Software reported quarterly earnings of $1.51 per share, which beat the Street estimate of $1.31.
Quarterly revenue came in at $252.67 million, which just missed the consensus estimate of $252.86 million.
- Annualized Recurring Revenue (ARR) of $852 million increased 2% year-over-year on a constant currency basis.
- Operating margin was 15% and non-GAAP operating margin was 38%.
- Diluted earnings per share was 59 cents compared to three cents in the same quarter last year.
- Non-GAAP diluted earnings per share was $1.51 compared to $1.33 in the same quarter last year.
“2025 was our strongest year ever for Progress as we continue to execute on our long-term Total Growth strategy to invest and innovate, acquire and integrate, and drive customer success,” said Yogesh Gupta, CEO of Progress Software.
Outlook: Progress Software expects fiscal 2026 adjusted EPS of $5.82 to $5.96, versus the $5.53 analyst estimate, and revenue in a range of $986 million to $1 billion, versus the $978.1 million estimate.
PRGS Stock Price: According to data from Benzinga Pro, Progress Software stock rose 7.51% to $41.50 in Tuesday's extended trading.
Photo: Shutterstock
