Progress Software reports Q3 non-GAAP EPS $1.50, consensus $1.30

Reports Q3 revenue $250M, consensus $240.11M. “Our third quarter performance was truly exceptional,” said Progress CEO, Yogesh Gupta. “Net retention remains strong at 100%, while ARR continues to grow steadily. Q3 was very solid in terms of revenue, earnings, cash flow, and execution. ShareFile is meaningfully contributing to top and bottom-line results as we successfully passed every major milestone on our integration plan. On the product front, we continue to invest and innovate in AI capabilities, including agentic RAG technology, which we are now embedding across our product portfolio to empower customers to extract more value from their own data using GenAI.”