Progress(US:PRGS)2025-09-29 21:00Financial Performance - Q3 2025 revenues reached $250 million, exceeding prior guidance of $237 million - $243 million, representing a 38% year-over-year increase in constant currency[10] - Annualized Recurring Revenue (ARR) grew by 47% year-over-year in constant currency to $849 million, with a 3% pro-forma increase[10, 12] - Net Retention Rate (NRR) remained strong at 100%[10] - Non-GAAP Earnings Per Share (EPS) was $1.50, surpassing the high end of prior guidance of $1.28 - $1.34[10] - The company's operating margin was 40%[10] Guidance and Outlook - Q4 2025 revenue is projected to be between $250 million and $256 million, with EPS between $1.29 and $1.35[10] - Fiscal Year 2025 revenue guidance has been updated to $975 million - $981 million, up from $962 million - $974 million[10] - Fiscal Year 2025 EPS guidance has been raised to $5.50 - $5.56, from $5.28 - $5.40[10] Growth Strategy - The company has an ARR Compound Annual Growth Rate (CAGR) of 20% from Q3 2020 to Q3 2025[18] - The company has a revenue CAGR of 15% from 2021 to 2025(E)[19] - The company has an operating income CAGR of 13% from 2021 to 2025(E), with non-GAAP operating margins consistently above 35%[20]