John DiFucci

Nolan Jenevein

Fatima Boolani

Lucky Schreiner

Bo Yin

Lawrence Vensko

Pinjalim Bora

Ittai Kidron

Lawrence Spence-Golan

- **Progress Federal Solutions**, a wholly owned subsidiary of **Progress Software (Nasdaq: PRGS)**, has achieved **"Awardable" status** for its **Progress Data Platform** through the U.S. Department of Defense's (DoD) **Tradewinds Solutions Marketplace**.  **[876167_ad9b6f85a08847fb8a5de37ee56f14d4_0]** 
- This designation allows **DoD customers** to rapidly procure and deploy the **Progress Data Platform**, which unifies database, search, and semantic AI capabilities in a single solution.  **[876167_ad9b6f85a08847fb8a5de37ee56f14d4_0]** 
- The **Tradewinds Solutions Marketplace** is the DoD’s premier offering designed to accelerate the procurement and adoption of **Artificial Intelligence (AI)/Machine Learning (ML), data, and analytics capabilities**.  **[876167_ad9b6f85a08847fb8a5de37ee56f14d4_0]** 
- The **Progress Data Platform** is relied on by defense and civilian agencies to integrate, manage, and operationalize complex data, offering **government-grade security** and the ability to apply **semantic AI**.  **[876167_ad9b6f85a08847fb8a5de37ee56f14d4_0]**

Progress Federal Solutions Achieves 'Awardable' Status for DoD Marketplace

- Progress Software reported strong Q3 2025 financial results, with **revenues of $250 million** and **earnings per share of $1.50**, both exceeding previous guidance.  **[876167_2161381_1]** 
- Annualized Recurring Revenue (ARR) reached **$849 million**, representing **47% year-over-year growth**, with a net retention rate of **100%**.  **[876167_2161381_1]** **[876167_2161381_4]** 
- The company raised its full-year 2025 guidance, now expecting revenue between **$975 million and $981 million** and earnings per share between **$5.50 and $5.56**.  **[876167_2161381_5]** 
- Progress Software continued its capital allocation strategy by repaying **$40 million in debt** during Q3, bringing the year-to-date total to **$110 million**, and repurchased **$15 million of shares**. The board also authorized an additional **$200 million** for share repurchases, increasing the total available to **$242 million**.  **[876167_2161381_1]** **[876167_2161381_4]** **[876167_2161381_5]** 
- The successful integration of ShareFile and the ongoing infusion of AI capabilities across its product portfolio are key drivers for customer demand and business growth.  **[876167_2161381_1]** **[876167_2161381_2]** **[876167_2161381_8]**

Progress Software Reports Strong Q3 2025 Results and Raises Full-Year Guidance

- Progress Software reported **Q3 2025 revenue of $250 million**, an increase of **40%** year-over-year, and **non-GAAP diluted earnings per share of $1.50**, up **19%** from the prior year.  **[876167_0000876167-25-000142_exhibit991-q32025earningsr.htm:0]** 
- Annualized Recurring Revenue (ARR) reached **$849 million**, growing **47%** year-over-year on a constant currency basis, with a net retention rate of **100%**.  **[876167_0000876167-25-000142_exhibit991-q32025earningsr.htm:0]** 
- The company **raised its full-year 2025 guidance** for non-GAAP revenue to a range of **$975 million to $981 million** and non-GAAP diluted earnings per share to **$5.50 to $5.56**.  **[876167_0000876167-25-000142_exhibit991-q32025earningsr.htm:1]** 
- Progress Software's Board of Directors increased the share repurchase authorization by **$200.0 million** to **$242.2 million** on September 23, 2025, and the company repurchased **$15 million** of shares in Q3 2025.  **[876167_0000876167-25-000142_exhibit991-q32025earningsr.htm:1]** **[876167_0000876167-25-000142_q325supplementaldeck.htm:5]**

Progress Software Announces Strong Q3 2025 Results and Raises Full-Year Guidance

- Progress Software reported **third quarter 2025 revenue of $250 million**, an increase of **40%** year-over-year, and **Annualized Recurring Revenue (ARR) of $849 million**, which grew **47%** year-over-year on a constant currency basis.  **[876167_da346021de6e4f4cb780f9425866fc3e_0]** **[876167_da346021de6e4f4cb780f9425866fc3e_1]** 
- Non-GAAP diluted earnings per share for the third quarter ended August 31, 2025, was **$1.50**, an increase of **19%** compared to the same quarter last year.  **[876167_da346021de6e4f4cb780f9425866fc3e_0]** **[876167_da346021de6e4f4cb780f9425866fc3e_1]** 
- The company **raised its full year 2025 guidance** for revenue, earnings per share, and cash flow, with updated non-GAAP diluted EPS guidance now set between **$5.50 - $5.56**.  **[876167_da346021de6e4f4cb780f9425866fc3e_0]** **[876167_da346021de6e4f4cb780f9425866fc3e_2]** 
- On September 23, 2025, the Board of Directors increased the share repurchase authorization by **$200.0 million** to **$242.2 million**.  **[876167_da346021de6e4f4cb780f9425866fc3e_1]**

Progress Software Announces Third Quarter 2025 Financial Results and Raises Full Year Guidance

- **Progress Software** launched **Progress Federal Solutions, Inc.**, a new wholly owned subsidiary, on **September 15, 2025**.  **[876167_709ddc96549c455cac094da00f45cf97_0]** 
- The subsidiary is established to serve the specialized needs of **U.S. federal, defense, and public sector organizations**.  **[876167_709ddc96549c455cac094da00f45cf97_0]** 
- It will provide **AI-powered digital experience and infrastructure software** to help government agencies accelerate digital transformation and meet compliance mandates.  **[876167_709ddc96549c455cac094da00f45cf97_0]** 
- Progress Federal Solutions offers the **Progress Data Platform** and other products like Sitefinity, Chef, LoadMaster, and MOVEit, building on the foundation of MarkLogic.  **[876167_709ddc96549c455cac094da00f45cf97_1]** **[876167_709ddc96549c455cac094da00f45cf97_2]** **[876167_709ddc96549c455cac094da00f45cf97_0]**

PROGRESS SOFTWARE CORP /MA (PRGS)