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Progress Software (Nasdaq: PRGS) posts Q1 2026 beat and raises 2026 EPS outlook
Progress Software (Nasdaq: PRGS) announced a strong Q1 2026 performance with revenue of $247.8 million, up 4% year-over-year, and significant increases in both GAAP and non-GAAP diluted EPS. The company also raised its non-GAAP EPS outlook for fiscal year 2026 to $5.91–$6.03 and reported robust cash flow, enabling debt repayment and share repurchases. These results reflect the durability of its business model and effective capital allocation strategy.