Progress Software outlines $975M–$981M revenue target for FY2025 amid accelerating AI-driven growth and ShareFile integration
Sep. 29, 2025 10:09 PM ETProgress Software Corporation (PRGS) StockAI-Generated Earnings Calls Insights
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Earnings Call Insights: Progress Software Corporation (PRGS) Q3 2025
Management View
Yogesh Gupta, CEO, began by highlighting another outstanding quarter, stating the company “outperformed on every metric as our business benefited from our customers’ investments in their AI initiatives.” He noted ARR grew 47% year-over-year, net retention was
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Quick Insights
AI initiatives have driven strong ARR growth, outperformance in revenue, and improved net retention rate, contributing to raised guidance and management’s expressed confidence in ongoing AI-driven growth.
Q3 results include $250M revenue (40% year-over-year growth), EPS of $1.50, and 47% ARR growth. Management raised full-year revenue guidance to $975–$981M and EPS guidance to $5.50–$5.56, and expects strong cash flow and disciplined capital allocation.
ShareFile integration is viewed as highly successful, attracting over 3,000 new AI document assistant customers, achieving full integration milestones, and delivering strong financial contributions and improved customer retention.
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