Progress Software Projects Q4 Revenue Between $297M-$305M Amid Domo Integration Timeline
Progress Software (NASDAQ:PRGS) reported strong performance in its third quarter of fiscal year 2026, with annual recurring revenue (ARR) increasing by over 1% to $873 million. The company maintained a net retention rate within the expected range of 99%, reflecting stable customer satisfaction and product demand. Progress also provided guidance for Q4 FY 2026, projecting revenue between $297 million and $305 million. Additionally, it outlined plans to complete its integration with Domo by the end of fiscal year 2027, signaling a strategic focus on long-term growth through consolidation. The results highlight Progress's ability to maintain steady performance amid ongoing market challenges, potentially reinforcing investor confidence in its business model and future outlook.
Tickers: $PRGS
Topics: ARR growth earnings net retention rate