Progress(US:PRGS) Globenewswire·2025-06-30 20:15Core Insights - Progress Software reported an Annualized Recurring Revenue (ARR) of $838 million, reflecting a 46% year-over-year growth [1][3] - The company's revenue for the second quarter reached $237 million, marking a 36% increase year-over-year [1][5] - Full-year guidance for revenue, operating margin, earnings per share, and cash flow has been raised, indicating strong confidence in business performance [1][9] Financial Performance - The operating income for the second quarter was $38.6 million, a 42% increase from $27.1 million in the same quarter last year [4][5] - The operating margin remained stable at 16%, while the non-GAAP operating margin improved to 40%, up from 38% [4][5] - Net income for the quarter was $17.0 million, a 5% increase compared to $16.2 million in the prior year [4][5] Earnings Per Share - Diluted earnings per share (EPS) for the second quarter was $0.39, up 5% from $0.37 in the same quarter last year [4][5] - Non-GAAP diluted EPS increased by 28% to $1.40 from $1.09 year-over-year [4][5] Cash Flow and Liquidity - Cash from operations was reported at $30.0 million, a decrease of 53% compared to $63.7 million in the same quarter last year [4][5] - The company ended the quarter with cash and cash equivalents of $102.0 million [6] Acquisition Activity - Progress Software announced the acquisition of Nuclia, a company specializing in Retrieval-Augmented Generation (RAG) AI solutions, which is expected to enhance the Progress Data Platform [7][8] Business Outlook - Updated guidance for fiscal year 2025 includes revenue expectations of $962 million to $974 million and diluted EPS of $1.27 to $1.43 [9][27] - The company anticipates an operating margin of 15% for GAAP and 38% for non-GAAP for the fiscal year [9][27]