PRGS Progress Software (PRGS) Q3 FY26 earnings call
Progress Software delivered a solid Q3 FY26, marked by strong financial performance and the strategic acquisition of Domo's AI and data platform business. The company exceeded earnings expectations and generated excellent cash flow, while also integrating Domo to enhance its AI-ready data layer. Management is focused on leveraging Domo's consumption-based model and realizing significant synergies by the end of FY27.
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PRGS operating KPIs by quarter
| KPI | May 2026 Q2 FY26 | This call Aug 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Annual recurring revenue (ARR) | $868MRevenue of $253 million was up 7% year-over-year, with ARR of $868 million, up 2% year-over-year in constant currency.Source: earnings call transcript | $873MWe delivered another solid quarter as ARR was up over 1% in constant currency to $873 million, and net retention rate finished at 99% within our expected range of 99% to 100% consistent over the last several quarters.Source: earnings call transcript | +0.6% |
| Net revenue retention rate | 100%We also generated approximately $79 million of adjusted free cash flow and delivered a net retention rate of 100%.Source: earnings call transcript | 99%We delivered another solid quarter as ARR was up over 1% in constant currency to $873 million, and net retention rate finished at 99% within our expected range of 99% to 100% consistent over the last several quarters.Source: earnings call transcript | -1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.