Recent Updates — PRGS

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.

Progress Software Corporation completed the acquisition of substantially all assets and employees from Domo, Inc., excluding net operating loss carryforwards. The transaction closed on September 22, 2026, with Progress paying an aggregate purchase price of $400 million in cash funded via existing cash reserves and a revolving credit facility. This acquisition integrates Domo's AI and data platform business into Progress' offerings, adding over 2,400 customers and expanding capabilities in business intelligence, data visualization, and AI-powered analytics. Progress Software Corporation operates in the software industry, providing enterprise application development tools, database management systems, and AI infrastructure solutions.

Progress Software Corporation entered into an Asset Purchase Agreement to acquire Domo, Inc.'s AI and Data Platform Business for an aggregate purchase price of approximately $400 million. The transaction is expected to close within the company's fiscal year ending November 30, 2026, and will be financed through a combination of cash and an existing revolving credit facility. Progress Software Corporation is an AI infrastructure software leader that provides context and control for organizations to extract value from AI.

Progress Software Corporation announced its financial results for the fiscal second quarter ended May 31, 2026, via a press release. The company is a provider of software products and tools for application development and and application management.