Progress Software Corp Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
3.3%projected annual EPS growth
Analyst Coverage
5analysts covering
FY EPS (est.)
$6.12next fiscal year
Monitoring Framework
Key Performance Indicators
Annualized Recurring Revenue (ARR) Quarterly863MTarget: Consistent with ~2% growth in constant currency
Net Retention Rate (NRR) Quarterly99.0%Target: ~100%
Non-GAAP Operating Margin Quarterly41.0%Target: ~39% for Full Year 2026
Watch Items
- M&A Integration and Synergy RealizationTrigger: Post-close integration of ShareFile ($875M) and Nuclia acquisitionsAction: Monitor non-GAAP operating margins and cash-flow targets to ensure cost discipline and synergy capture.
- Debt Reduction and Leverage RatiosTrigger: Net leverage target of approximately 2.7 times by fiscal year-end 2026Action: Track planned total debt repayment of $250 million following dividend suspension.
- Organic Growth and Customer ChurnTrigger: Isolated churn events (e.g., termination of seven-figure Eastern European government contract)Action: Evaluate the impact of broader industry shifts to integrated cloud-native platforms on core legacy products.
Research as of 20 Jun 2026