SEC EDGAR 8-KSEP 303 min read$PRGS

Progress Software Announces Third Quarter 2026 Financial Results

PROGRESS SOFTWARE CORP /MA (PRGS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 P R E S S A N N O U N C E M E N T Progress Software Announces Third Quarter 2026 Financial Results ARR of $873 million grew 1% year-over-year Acquisition of Domo ' s AI and Data Platform Business Closed BURLINGTON, Mass., Sept. 30, 2026 — Progress Software (Nasdaq: P

Original reporting

SEC EDGAR 8-K

Published Sep 30, 2026, 8:07 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Sep 30, 2026, 8:09 PM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

AlphAI market briefEarnings

Primary signal

$PRGS

Neutral

high confidence

Mentioned

$PRGS

Relevance

7/10

AlphAI data visualization · based on SEC EDGAR 8-K

Decision brief

The 30-second read

$PRGSNeutralHigh

Why it matters

The updated guidance lifts FY revenue expectations, which may offset the modest revenue decline and support the stock.

Market read

First‑report earnings and guidance update for PRGS, providing fresh data for traders.

What to watch

Integration of the Domo acquisition may take longer, affecting near‑term performance.

Relevance 7/10Novelty 8/10Timing: after-hours today

Background

Progress Software, a Nasdaq‑listed AI infrastructure software provider, filed an 8‑K with Q3 2026 results and updated FY guidance.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$PRGSNeutralHigh confidence

Context

Progress Software reported Q3 2026 results with revenue down 2% YoY and issued updated FY 2026 guidance.

Expected impact

likely modest upside as updated guidance offsets revenue decline

Evidence & confidence

Guidance shows FY revenue $1,044‑$1,052M versus prior $990‑$1,002M, indicating a positive outlook that may support the stock.

Market effects

Sector

AI infrastructure software sector may see modest uplift from the guidance raise.

Regional

North American tech market could benefit from the positive outlook.

Global

Limited; impact confined to enterprise software investors.

Counterpoint

What could challenge this read

Revenue decline could signal underlying demand weakness despite guidance raise.

Key entities

company
Progress Software
AI infrastructure software provider (NASDAQ: PRGS).

Read at source ← All news

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Progress Software reported Q3 2026 earnings of $1.69 per share, beating estimates, while revenue of $246.0M slightly missed forecasts. Shares rose 1.34% during trading but fell 2.18% after hours. The company raised full-year guidance after acquiring Domo, with management highlighting improved margins and cash flow.

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Progress Software completed a $400M acquisition of Domo AI's assets, adding to its enterprise software portfolio. Eaton agreed to acquire COL Group for €810M to expand its data center power infrastructure. Persistent Systems now owns 83.25% of Nagarro, valuing the deal at €81 per share. Stakk acquired ParaScript for $63M to build an AI digital trust platform. NetApp plans to acquire PEAK:AIO for AI storage infrastructure, with financial terms undisclosed.

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Huckleberry.ai, Inc. (DOMO): Completion of Acquisition or Disposition of Assets

Huckleberry.ai, Inc. (DOMO) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Domo Completes Sale to Progress Software; Huckleberry Begins the Next Chapter Huckleberry starts with $221 million in cash and more than $900 million in net operating loss carryforwards Founder and CEO Josh James will continue to lead the debt-free public company SIL

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SEP 22

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PROGRESS SOFTWARE CORP /MA (PRGS): Completion of Acquisition or Disposition of Assets

PROGRESS SOFTWARE CORP /MA (PRGS) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 Progress Software Completes Acquisition of Domo's AI and Data Platform Business Acquisition advances Progress’ strategy to deliver the context and control organizations need to achieve trusted AI and agentic outcomes with confidence Burlington, Mass., September 22, 2

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AUG 21

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SAP, Progress and NetApp Race for AI Data Layer as Inference Spending Hits $23.3 Billion

SAP, Progress, and NetApp are acquiring companies to enhance their AI data infrastructure. SAP acquired Dremio for real-time analytics, Progress plans to buy Domo's AI assets for $400M, and NetApp acquired DataPelago for GPU-accelerated data processing. Gartner forecasts AI-optimized infrastructure spending to reach $42.3B in 2026, with inference spending at $23.3B. Data quality and availability are cited as major barriers to enterprise AI adoption.