Outstanding Financial Performance
Progress Software outperformed on all metrics including revenues, earnings, cash flow, and margins. Revenues reached $250 million, surpassing guidance, with earnings at $1.50 per share, also above expectations.
Strong ARR Growth
Annualized Recurring Revenue (ARR) grew 47% year over year, indicating strong market demand and effective execution.
Successful ShareFile Integration
ShareFile integration was successful, with improved net retention rates and better than expected ARR and top-line growth.
AI-Driven Product Enhancements
Progress delivered new AI capabilities across products, enhancing customer value and driving market success. Over 3,000 customers adopted the new AI document assistant in ShareFile.