Progress Software (PRGS) reported Q2 2025 revenue of $237.36 million, slightly below estimates of $237.52 million and up 35.6% from $175.08 million a year ago.
Adjusted earnings came in at $1.40 per share, beating estimates of $1.30 and rising 28.4% from $1.09 in the prior year. For Q3 2025, the company projects earnings between $1.28 and $1.34, aligning with estimates of $1.30.
Revenue guidance for Q3 2025 is $237.00 million to $243.00 million, near the estimate of $238.54 million. The FY 2025 earnings outlook is revised to $5.28 to $5.40, slightly above the estimate of $5.30.
Full-year revenue guidance is updated to $962.00 million to $974.00 million, compared to the estimate of $964.82 million.
