Progress Software (NASDAQ: PRGS) Beats Q2 Estimates, Issues Upbeat Q3 Guidance

Progress Software Corp. (NASDAQ: PRGS) reported better-than-expected earnings for the second quarter of fiscal 2025, reinforcing its position as a steady performer in the application development and digital experience space.

Q2 Snapshot: Earnings Beat, Revenue Steady

• Earnings Per Share (EPS): $1.40 (vs. $1.30 estimate)

• Revenue: $237 million (in line with consensus at $237.53 million)

Despite revenue coming in slightly below consensus, the earnings beat was a notable highlight. This performance reflects the company's ability to optimize operating margins and manage costs effectively.

Q3 2025 Guidance

Progress provided Q3 EPS guidance in the range of $1.28-$1.34, compared to the analyst consensus of $1.30. The guidance is viewed as solid and suggests continued resilience in enterprise demand for low-code development tools and digital experience platforms.

Stock Performance

• Last 3 Months: +10.09%

• Last 12 Months: +19.22%

The company has seen six positive EPS revisions and just one negative in the last 90 days, signaling increasing analyst confidence in its business outlook.

Relevant APIs to Monitor Fundamentals & Revisions

To track companies like Progress that are under active analyst coverage and exhibit consistent earnings performance, these APIs are highly relevant:

🔹 Earnings Historical API

Get access to:

• Past EPS and revenue performance

• Beat/miss history

• Pre- and post-market movement trends

Useful for tracking consistency in delivering earnings surprises over time.

🔹 Up/Down Grades by Company API

Monitor:

• Analyst upgrades/downgrades

• Rating momentum

• Impact of guidance on sentiment

A powerful indicator when gauging how markets interpret updated forecasts.

Bottom Line

Progress Software's solid earnings beat and stable guidance highlight its consistent execution in a volatile tech landscape. With improving analyst sentiment and a healthy 12-month stock return, PRGS is drawing investor attention for all the right reasons.

For earnings-focused investors, keeping a close eye on guidance trends and revision data is key — and Progress is delivering on both fronts.