Progress Software Fiscal Q3 Adjusted Earnings Rise, Revenue Falls

04:27 PM EDT, 09/30/2026 (MT Newswires) -- Progress Software (PRGS) reported fiscal Q3 adjusted earnings late Wednesday of $1.69 per diluted share, up from $1.50 a year earlier. Four analysts polled by FactSet expected $1.52. Revenue in the three months ended Aug. 31 fell to $246 million from $249.8 million a year earlier. Analysts projected $247.3 million. The company expects fiscal Q4 adjusted EPS of $1.24 to $1.33 on revenue of $297 million to $305 million. Analysts project EPS of $1.45 on revenue of $258.3 million. Progress Software boosted full-year guidance to adjusted EPS of $6.15 to $6.23 on revenue of $1.044 billion to $1.052 billion, up from the previous forecast of EPS of $6.09 to $6.21 on revenue of $990 million to $1.002 billion. Analysts project EPS of $6.18 on revenue of $1.007 billion. Progress Software shares fell 1.8% in after-hours trading.