In Q2 FY2026 (ended May 31, 2026), Progress Software reported revenue of $253.5 million, up 6.8% year-over-year. Net income rose 23.7% to $21.1 million, while diluted EPS grew 28.2% to $0.50. Operating income increased 17.1% to $45.2 million. The company held $103.0 million in cash, $506.1 million in equity, and $1.29 billion in long-term debt.
•Revenue grew 6.8% YoY to $253.5 million.
•Net income increased 23.7% to $21.1 million.
•Diluted EPS rose 28.2% to $0.50.
•Long-term debt stood at $1.29 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Progress Software provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and globally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform.
Its portfolio also includes Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers, Chef, a DevOps/DevSecOps automation software, Corticon, a decision automation platform, DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources, Developer Tools, such as software development tooling collection
Including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools, Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems, and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers
MarkLogic, a data agility platform to connect data and metadata. Its portfolio also includes MOVEit, a managed file transfer software, OpenEdge, an application development platform, Semaphore, a Semantic AI platform, ShareFile, an SaaS-native AI-powered document centric collaboration platform, Sitefinity, a digital experience platform foundation, and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems.
The company offers project management, implementation, custom software development, programming, and services, as well as web-enable applications, and training services. Products are distributed to end users, ISVs, OEMs, system integrators, value added resellers, and distributors. Founded in 1981, the company is headquartered in Burlington, Massachusetts.
What does Progress Software Corporation (PRGS) do?
Progress Software Corporation provides software products that help develop, deploy, and manage AI-powered applications and digital experiences. Its portfolio includes Agentic RAG, a next-generation Agentic RAG-as-a-Service platform; Automate MFT, a cloud-native SaaS platform for secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, secure data connectivity tools; Developer Tools including .NET and JavaScript UI components, AI-prompt components, reporting tools, and automated testing tools; Flowmon, an AI-powered network security product; Kemp LoadMaster, an application delivery and security product; MarkLogic, a data agility platform; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an AI-powered document collaboration platform; Sitefinity, a digital experience platform; and WhatsUp Gold, a network infrastructure monitoring software. The company serves customers in the United States and globally.
Where is Progress Software (PRGS) listed and in which currency?
Progress Software Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol PRGS. Its financials are reported in US Dollars (USD), as the company is headquartered in the United States and operates primarily in the US currency.
What sector and industry does Progress Software (PRGS) belong to?
Progress Software Corporation operates in the Technology sector and is classified under the Software - Infrastructure industry. This means the company develops foundational software products that support other applications, such as application development platforms, data connectivity tools, network security, and file transfer solutions, rather than end-user consumer software.
Where is Progress Software (PRGS) headquartered and what markets does it serve?
Progress Software Corporation is headquartered in the United States and serves customers both in the US and globally. The company's products are used worldwide, as indicated by its description of operations in the United States and globally. Its software solutions cater to various industries requiring AI-powered applications, secure data transfer, network monitoring, and digital experience platforms.
What are some notable products in Progress Software's (PRGS) portfolio?
Progress Software offers a diverse portfolio of products. Notable ones include OpenEdge, an application development platform; MOVEit, a managed file transfer software; ShareFile, an AI-powered document collaboration platform; Sitefinity, a digital experience platform; and WhatsUp Gold, a network infrastructure monitoring tool. Additionally, it provides Agentic RAG for AI applications, Automate MFT for secure file transfers, Chef for DevOps automation, Corticon for decision automation, DataDirect for data connectivity, Developer Tools for UI and testing, Flowmon for network security, Kemp LoadMaster for application delivery, MarkLogic for data agility, and Semaphore for Semantic AI.