Progress Software slides on third-quarter revenue decline
PRGS•Progress Software reported third-quarter revenue of $246 million, down 1.6% from $249.8 million a year earlier. It raised its fiscal 2026 revenue outlook to $1.044 billion-$1.052 billion and adjusted EPS outlook to $6.15-$6.23.
1. Revenue and outlook
Progress Software’s third-quarter revenue declined 1.6% to $246 million from $249.8 million a year earlier, with declines in its SaaS and professional-services businesses. The company raised its fiscal 2026 revenue outlook to $1.044 billion-$1.052 billion and adjusted EPS outlook to $6.15-$6.23.
