PRGS Stock Recent News

New $1.5B facility will support continued growth and provide greater scale and flexibility BURLINGTON, Mass., July 22, 2025 (GLOBE NEWSWIRE) --  Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it has entered into a Fifth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which, among other things, increased the company's revolving credit facility from $900 million to $1.5 billion and extended the maturity date to July 31, 2030.

Explore how Progress Software's (PRGS) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

U.S. stock futures were lower this morning, with the Dow futures falling around 0.1% on Tuesday.

Progress Software's Q2 results were driven by the ShareFile acquisition, masking lackluster organic growth and highlighting the early stage of its SaaS pivot. The company's financial position is stable, with manageable debt and improved operating margins, but organic growth remains weak outside of SaaS. Management raised 2025 guidance and is pursuing further M&A, including the Nuclia acquisition, to accelerate its SaaS and AI-driven transition.

While the top- and bottom-line numbers for Progress Software (PRGS) give a sense of how the business performed in the quarter ended May 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Progress Software Corporation (NASDAQ:PRGS ) Q2 2025 Earnings Conference Call June 30, 2025 5:00 PM ET Company Participants Anthony Folger - Executive VP & CFO Michael Micciche - Senior Vice President of Investor Relations Yogesh K. Gupta - CEO, President & Director Conference Call Participants John Stephen DiFucci - Guggenheim Securities, LLC, Research Division Nolan Bruce Jenevein - Oppenheimer & Co. Inc., Research Division Operator Hello, everyone, and welcome to Progress Software's Second Quarter 2025 Earnings Call.

Progress Software (PRGS) came out with quarterly earnings of $1.4 per share, beating the Zacks Consensus Estimate of $1.3 per share. This compares to earnings of $1.09 per share a year ago.

Annualized Recurring Revenue ("ARR") of $838 million Grew 46% year-over-year Revenue of $237 million Grew 36% year-over-year Raises Full Year Guidance for Revenue, Operating Margin, Earnings Per Share, and Cash Flow Acquires Agentic RAG AI Company

Company adds easy-to-use agentic RAG-as-a-service product for organizations to automate and retrieve verifiable, high-quality AI search and generative answers

Progress Software Corporation PRGS will release earnings results for the second quarter, after the closing bell on Monday, June 30.