Progress Software reports 7 percent Q2 revenue growth

• Progress Software (NASDAQ:PRGS) reported second quarter fiscal 2026 revenue of $253 million, up 7% year over year.
• Annualized Recurring Revenue reached $868 million, up 2% year over year on a constant currency basis.
• Non-GAAP diluted EPS increased 16% to $1.62, while GAAP EPS rose 28% to $0.50.

Progress Software (NASDAQ:PRGS) reported second quarter fiscal 2026 revenue of $253 million, an increase of 7% year over year on an actual currency basis and 6% on a constant currency basis.

Annualized Recurring Revenue reached $868 million, up 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 compared to $0.39 in the same quarter last year, an increase of 28%.

Non-GAAP diluted earnings per share was $1.62 compared to $1.40 in the same quarter last year, an increase of 16%.

Progress Software is a provider of AI-powered digital experience and infrastructure software serving customers worldwide.

The company continues to focus on recurring revenue growth and operational efficiency in its core markets.