Q2 2026 Earnings

EX-99.1 2 exhibit991-q22026earningsr.htm EX-99.1 Document Exhibit 99.1 P R E S S A N N O U N C E M E N T Progress Software Announces Second Quarter 2026 Financial Results Revenue of $253 million grew 7% year-over-year Annualized Recurring Revenue ("ARR") of $868 million grew 2% year-over-year BURLINGTON, Mass., June 30, 2026 — Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2026. Second Quarter 2026 Highlights: • Revenue of $253 million increased 7% year-over-year on an actual currency basis and 6% on a constant currency basis. • Annualized Recurring Revenue ("ARR") of $868 million increased 2% year-over-year on a constant currency basis. • Operating margin was 18% and non-GAAP operating margin was 40%. • Diluted earnings per share was $0.50 c...