Progress Software Q3 GAAP diluted EPS rises 25% to $0.55; revenue slips to $246 million
PRGS•Progress Software reported fiscal Q3 2026 revenue of $246 million, down 2% year over year, while diluted EPS rose 25% to $0.55. Annualized recurring revenue was $873 million, and the company said its acquisition of Domo’s AI and Data Platform business has closed.
1. Quarterly results
Progress Software reported fiscal Q3 2026 revenue of $246 million, down 2% year over year. Diluted earnings per share rose 25% to $0.55, income from operations increased 6% to $46.55 million, and net income climbed 17% to $22.78 million. Operating margin widened 1 percentage point to 19%.
2. Recurring revenue and deal
Annualized recurring revenue was $873 million, up from a year earlier. Management said the acquisition of Domo’s AI and Data Platform business has closed and that it expects to begin integrating the business.
