Progress Software reports Q2 EPS $1.40, consensus $1.30

Reports Q2 revenue $237.36M, consensus $237.23M. “We’re extremely pleased with our solid Q2 results” said Yogesh Gupta, CEO of Progress Software (PRGS). “Revenue contributions were strong across all geographies resulting in ARR of $838 million or 46% year-over-year growth. Our Net Retention Rate was 100%, demonstrating the consistent strength of our product portfolio. Our confidence in the business is reflected in our raised guidance for FY25. Equally important, our integration of ShareFile is going extremely well as we have completed numerous major synergy milestones, and we remain confident in our ability to reach all our ShareFile targets by the end of the year.”