Mergers & Acquisitions ·
Progress Software Corporation reported fiscal third quarter results ending August 31, 2026, alongside the closing of…
PRGSProgress Software Corp
Progress Software Corporation reported fiscal third quarter results ending August 31, 2026, alongside the closing of its $400 million acquisition of Domo's AI and Data Platform Business on September 22, 2026. Revenue decreased 2% year-over-year to $246 million, while Annualized Recurring Revenue (ARR) grew 1% to $873 million. Diluted GAAP earnings per share rose 25% to $0.55, and non-GAAP diluted EPS increased 13% to $1.69. The company updated its full-year fiscal 2026 revenue guidance upward to a range of $1,044–$1,052 million and non-GAAP EPS guidance to $6.15–$6.23. Progress Software Corporation operates in the software industry, providing AI infrastructure solutions that deliver context and control for enterprise data.